ADINA STORCH 4/A
Research Summary
AI-generated summary
GLOBAL INDUSTRIAL (GIC) SVP/GC Adina Storch Surrenders 637 Shares for Taxes
What Happened Adina Storch, Senior Vice President & General Counsel of Global Industrial Co (GIC), surrendered 637 shares to satisfy tax withholding obligations tied to the vesting of performance-based restricted stock units (RSUs). The shares were withheld at a reported price of $32.17 per share, for a total value of about $20,492. This was not a market sale or a purchase by the insider but a routine tax-withholding disposition following vesting.
Key Details
- Transaction date: February 13, 2026 (reported on an amended Form 4 filed March 25, 2026).
- Price used for withholding: $32.17 per share.
- Shares surrendered/withheld: 637 shares (previously and incorrectly reported as 382 shares in the original Form 4).
- Footnote: Withholding was to cover tax liability incident to vesting of a Performance-Based RSU award originally granted on February 13, 2022.
- Amendment: This Form 4/A corrects the number of shares withheld and the resulting beneficial ownership; the filing notes the beneficial ownership total was revised but the specific updated total is not provided in the summary text supplied.
- Filing timing: The original Form 4 was filed February 18, 2026 and has been amended March 25, 2026 to correct the withheld-share count.
Context This was a tax-withholding disposition (transaction code F), a common and routine administrative action when equity awards vest; it does not indicate a directional buy or sell decision by the insider. The amendment clarifies the correct number of shares withheld (637 vs. 382) and ensures the reported beneficial ownership is accurate.