GLOBAL INDUSTRIAL Co·4

Mar 3, 6:18 PM ET

Clark Thomas Eugene 4

4 · GLOBAL INDUSTRIAL Co · Filed Mar 3, 2026

Research Summary

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GLOBAL INDUSTRIAL (GIC) CFO Clark Surrenders Shares, Buys via ESPP

What Happened

  • Clark Thomas Eugene, Chief Financial Officer of Global Industrial Co. (GIC), had 3,223 shares surrendered to satisfy tax withholding on vested restricted stock units (RSUs). Those surrendered lots were: 1,439 shares, 381 shares, and 1,403 shares, each priced at $32.98 for total value surrendered of ~$106,294.
  • On the same date (March 2, 2026) he acquired 371 shares through the company’s Employee Stock Purchase Plan (ESPP) at $28.64 per share for $10,624. The ESPP purchase is an acquisition (discounted plan) and is reported separately from the RSU tax withholding.

Key Details

  • Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely).
  • Surrenders for tax withholding: 1,439 @ $32.98 = $47,458; 381 @ $32.98 = $12,565; 1,403 @ $32.98 = $46,271. These are tax-withholding dispositions tied to RSU vesting.
  • ESPP purchase: 371 @ $28.64 = $10,624. Footnote states the ESPP purchase was based on 85% of the closing price and is exempt under Rule 16b-3(c).
  • Shares owned after the transactions: not specified in the supplied filing details.
  • Footnotes: F1–F3 confirm the surrendered shares were to cover tax liabilities from RSUs granted on 2/21/2023, 2/28/2024, and 2/25/2025. F4–F5 describe the ESPP purchase mechanics and exemption.
  • Transaction codes: F = tax withholding (disposition), J = other acquisition (ESPP). No indication of a 10b5-1 sale plan or late filing.

Context

  • Surrendering shares to cover RSU taxes is a routine administrative action (not an open-market sale) where vested shares are withheld to satisfy taxes.
  • The ESPP purchase is a discounted employee benefit (here at 85% of the closing price), which is a common way insiders acquire shares and is generally treated differently from market purchases for signaling purposes.
  • The filing appears routine and timely; these entries reflect compensation-plan activity rather than an executive-initiated market sale.

Insider Transaction Report

Form 4
Period: 2026-03-02
Clark Thomas Eugene
SVP & Chief Financial Officer
Transactions
  • Tax Payment

    Common Stock

    [F1]
    2026-03-02$32.98/sh1,439$47,45874,047 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-02$32.98/sh381$12,56573,666 total
  • Tax Payment

    Common Stock

    [F3]
    2026-03-02$32.98/sh1,403$46,27172,263 total
  • Other

    Common Stock

    [F4][F5]
    2026-03-02$28.64/sh+371$10,62472,634 total
Footnotes (5)
  • [F1]Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 21, 2023.
  • [F2]Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 28, 2024.
  • [F3]Shares surrendered for payment of tax liability incident to vesting of a time-based restricted stock unit award originally granted on February 25, 2025.
  • [F4]The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Global Industrial Company (f/k/a Systemax Inc.) Employee Stock Purchase Plan ("ESPP") on March 2, 2026. This transaction is exempt under Rule 16b-3(c).
  • [F5]In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on March 2, 2026.
Signature
/s/ Thomas Eugene Clark by April Gruder as Attorney-in-Fact|2026-03-03

Documents

1 file
  • 4
    wk-form4_1772579913.xmlPrimary

    FORM 4