Clark Thomas Eugene 4

What Happened

• Clark Thomas Eugene, Chief Financial Officer of Global Industrial Co. (GIC), received equity awards on February 13, 2026 and had 586 shares surrendered to cover tax withholding.
• Transactions reported: two awards — 8,908 restricted stock units (RSUs) and 1,039 performance-based shares — both recorded at $0.00; and a disposal of 586 shares surrendered for tax withholding at $32.17 per share, totaling $18,852.

Key Details

• Transaction date: February 13, 2026. Form 4 filed February 18, 2026 (appears to be one business day late; Form 4s are due within 2 business days).
• Awards: 8,908 RSUs granted (vesting ratably over four years) and 1,039 performance-based shares issued upon vesting of a 2022 PRSU award.
• Tax withholding: 586 shares were surrendered/forfeited to cover tax liability at $32.17/share (total reported value $18,852). This is coded as F (tax withholding).
• Price for awards: $0.00 (typical for RSU grants). The $18,852 figure reflects the value of shares surrendered to satisfy taxes, not an open-market sale.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes in the filing: F1 = 2026 RSU grant vests ratably over four years; F2 = shares issued on vesting of performance RSUs granted Feb 13, 2022; F3 = shares surrendered to cover tax liability from the 2022 PRSU vesting.

Context

• The 586-share disposal was a tax-withholding event (common when restricted shares vest) rather than a market sale — it does not necessarily signal a change in the insider’s view of the stock.
• The larger 8,908 RSU grant vests over time (ratably over four years), so those shares are not immediately tradable.