Global Industrial Insider Report: 2,575 Shares Surrendered for Taxes

Rhea-AI Filing Summary

Lisa Armstrong, SVP & Chief Marketing Officer of Global Industrial Company (GIC), reported a disposition of company stock. On 08/27/2025 she disposed of 2,575 shares at $37.77 per share. The filing states those shares were surrendered to pay the tax liability from the vesting of a time-based restricted stock unit award originally granted on 08/27/2024. After the reported transaction she beneficially owned 18,341 shares. The Form 4 was signed by an attorney-in-fact on 08/28/2025.

Positive

• Transaction disclosed explicitly as tax-related surrender of RSUs, clarifying the nature of the disposition
• Reporting shows continued insider ownership of 18,341 shares after the transaction

Negative

• Beneficial ownership decreased by 2,575 shares following the surrender
• Disposition recorded at $37.77 per share, reducing the insider's stake by that amount times shares surrendered

Insights

Financial Analyst

TL;DR: Routine tax withholding via surrender of vested RSUs; modest change to insider share count, likely limited market impact.

The reported transaction is a non-sale disposition labeled as tax withholding: 2,575 shares were surrendered at $37.77 following vesting of RSUs granted 08/27/2024. This reduces the reporting person’s beneficial ownership to 18,341 shares. There is no indication of open-market selling or acquisition, and no new derivative activity reported. For investors, this is a transparency disclosure showing insiders fulfilling tax obligations tied to equity compensation rather than an active liquidity event.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting requirements; indicates standard equity-compensation mechanics.

The Form 4 documents a standard administrative transaction: RSU vesting triggered tax withholding via share surrender. The filing names the reporting person and role, shows the transaction date 08/27/2025, and includes an attorney-in-fact signature on 08/28/2025. This fulfills insider reporting obligations and provides shareholders with clarity on executive equity movements. No indications of unusual governance or compensation practices are present within the disclosed lines.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ARMSTRONG LISA

(Last) (First) (Middle)

C/O GLOBAL INDUSTRIAL COMPANY

11 HARBOR PARK DRIVE

(Street)

PORT WASHINGTON NY 11050

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIAL Co [ GIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Marketing Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/27/2025		F		2,575(1)	D	$37.77	18,341	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on August 27, 2024.

Remarks:

	/s/ Lisa Armstrong by April Gruder as Attorney-in-Fact	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transaction did Lisa Armstrong report on Form 4 for GIC?

She reported the disposition of 2,575 shares on 08/27/2025, surrendered to pay tax liability from vested RSUs.

At what price were the 2,575 shares recorded on the Form 4?

The shares were recorded at a price of $37.77 per share.

Why were the shares surrendered according to the filing?

The filing states the shares were surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award granted on 08/27/2024.

How many Global Industrial Company shares does Lisa Armstrong beneficially own after the transaction?

The Form 4 shows she beneficially owned 18,341 shares following the reported transaction.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by April Gruder as Attorney-in-Fact on 08/28/2025.