Clark Thomas Eugene 4

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.