Global Industrial (GIC) SVP Alex Tomey Buys 376 Shares
$GIC · GLOBAL INDUSTRIAL CoResearch Summary
AI-generated summary of this SEC filing
Global Industrial (GIC) SVP Alex Tomey Buys 376 Shares
What Happened
Alex Tomey, Senior Vice President & Chief Merchandising Officer of Global Industrial Co (GIC), acquired 376 shares on September 3, 2026. The shares were acquired at $33.20 per share for a total value of $12,483. The transaction is reported as an "other acquisition" (code J) and, per the filing footnote, these shares were purchased under the company's Employee Stock Purchase Plan (ESPP) using an 85% look‑back pricing provision.
Key Details
- Transaction date: 2026-09-03; Price: $33.20 per share; Shares acquired: 376; Total value: $12,483.
- Reported as an "other acquisition or disposition (J)" and footnoted as an ESPP purchase (F1).
- Footnote F1: shares purchased based on 85% of the closing price of GIC common stock on March 3, 2026.
- Shares owned after the transaction: not specified in the provided filing.
- Filing date / Period of Report: 2026-09-03 (no indication in the filing provided that it was late).
Context
An ESPP purchase is a routine employee benefit that allows employees to buy company stock at a discount; the 85% pricing indicates Tomey received a 15% discount using a look‑back to the March 3, 2026 closing price. Purchases are often viewed as a mildly positive signal since insiders are acquiring shares, but filings do not state the insider's motivation. This was a relatively small, routine purchase (≈$12.5K) rather than a large stake or option exercise.