Hughes Claudia 4
4 · GLOBAL INDUSTRIAL Co · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Global Industrial (GIC) SVP Claudia Hughes Surrenders Shares for Taxes
What Happened Claudia Hughes, Senior Vice President & Chief Sales Officer of Global Industrial Co (GIC), surrendered a total of 791 shares on 2026-03-02 to cover tax withholding obligations tied to vested restricted stock units (RSUs). The shares were recorded at $32.98 per share: 164 shares ($5,409), 134 shares ($4,419), and 493 shares ($16,259), totaling about $26,087. These disposals are tax-withholding actions (transaction code F), not open-market sales indicating a change in investment view.
Key Details
- Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (no late filing indicated).
- Price: $32.98 per share for all three entries.
- Shares surrendered: 164, 134, and 493 (total 791 shares); total value ≈ $26,087.
- Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
- Footnotes:
- F1: Shares surrendered to cover tax from RSUs granted 2023-02-21.
- F2: Shares surrendered to cover tax from RSUs granted 2024-02-28.
- F3: Shares surrendered to cover tax from RSUs granted 2025-02-25.
- Transaction type: F = tax withholding on vesting (routine administrative disposition).
Context These transactions reflect routine share withholding to satisfy tax liabilities when time-based RSUs vest. Such surrenders are administrative and do not necessarily signal buying/selling intent in the market. They differ from open-market sales: shares are withheld/retired to cover taxes rather than sold for investment reasons.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-02$32.98/sh−164$5,409→ 42,113 total - Tax Payment
Common Stock
[F2]2026-03-02$32.98/sh−134$4,419→ 41,979 total - Tax Payment
Common Stock
[F3]2026-03-02$32.98/sh−493$16,259→ 41,486 total
Footnotes (3)
- [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.