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Thomas Axmacher, Vice President & Controller of Global Industrial Company (GIC), reported a disposition of 509 shares of the issuer's common stock on 08/27/2025. The Form 4 states the shares were surrendered to satisfy tax withholding obligations related to the vesting of a time-based restricted stock unit award originally granted on 08/27/2024, at a reported transaction price of $37.77 per share. Following the reported transaction, Mr. Axmacher beneficially owns 7,747 shares directly. The filing was signed on 08/28/2025 by an attorney-in-fact.
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.
Global Industrial Company disclosed that its Board of Directors approved a one-time special cash bonus of $1,000,000 for Executive Chairman Richard B. Leeds. The payment is scheduled to be made on or about August 15, 2025.
The Board, acting on the recommendation of its Compensation Committee, granted the bonus in recognition of Mr. Leeds’ leadership and service as Interim Chief Executive Officer from August 9, 2024 through February 17, 2025. The company noted that he had not previously received any supplemental compensation for serving in that interim CEO role.