GLOBAL INDUSTRIAL (GIC) VP & Controller Thomas Axmacher Surrenders 580 Shares

What Happened

• Thomas Axmacher, VP & Controller of GLOBAL INDUSTRIAL Co (GIC), surrendered 580 shares on 2026-08-27 to cover tax liabilities related to a vesting award. The shares were valued at $39.62 each, for a total value of approximately $22,980. This was a tax-withholding disposition (not an open-market sale) tied to the vesting of time‑based restricted stock units.

Key Details

• Transaction date and price: 2026-08-27, 580 shares at $39.62 each.
• Total value: ~$22,980.
• Transaction code: F — payment of exercise price or tax liability (surrendered shares for tax withholding).
• Footnote: Shares surrendered to satisfy taxes on a time‑based RSU grant originally granted August 27, 2024.
• Shares owned after transaction: Not reported in the provided filing.
• Filing: Report filed with the SEC on 2026-08-31. The Form 4 filing appears timely (filed within the standard 2 business‑day window following the 8/27 transaction).

Context

• This was a tax-withholding event tied to RSU vesting, common for executive compensation. Shares were surrendered to the company (or broker) to satisfy withholding obligations rather than sold on the open market, so it does not directly indicate a personal cash‑out or market sentiment.