Pearlman Paul S 4

What Happened

• Paul S. Pearlman, a director of GLOBAL INDUSTRIAL Co (GIC), was granted 3,677 restricted stock units (RSUs) on June 1, 2026. The Form 4 reports an acquisition at $0.00 per share because this was a grant (transaction code A). The grant was made under the company's 2020 Omnibus Long‑Term Incentive Plan and the grant value was determined to be $110,000.

Key Details

• Transaction date: 2026-06-01 (date of the 2026 Annual Meeting).
• Grant type/code: Restricted stock units (Award, code A).
• RSUs granted: 3,677 units; reported acquisition price $0.00 (non‑cash award).
• Grant value basis: Number of RSUs was set by dividing $110,000 by the 20‑day closing price prior to the meeting, rounded up (per footnote).
• Vesting: Units vest on the date of the Issuer’s second annual meeting following the grant, provided Pearlman remains a director through the vesting date (per footnote).
• Shares owned after transaction: Not disclosed in the provided filing.
• Timeliness: Filing dated and reported for 2026-06-01; no late filing indicated.

Context

• RSUs are stock awards that convert to shares (or equivalent value) only if and when they vest; this grant does not represent an immediate sale or purchase in the open market.
• Awards to directors are common as part of compensation and do not by themselves indicate buy/sell intent.