Thomas Eugene Clark - 21 Feb 2023 Form 4 Insider Report for GLOBAL INDUSTRIAL Co (GIC)

Reporting relationship: SVP & Chief Financial Officer
Issuer ticker: GIC
Reported as of: 21 Feb 2023
Net transaction value: -$40,934
SEC form: 4
Accepted by SEC: 23 Feb 2023, 15:27:29 UTC
Prior SEC filing: 07 Sep 2022
Next SEC filing: 06 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Thomas Eugene Clark by April Gruder, Attorney-in-Fact

Key filing fact

Thomas Eugene Clark filed Form 4 for GLOBAL INDUSTRIAL Co (GIC) on 23 Feb 2023.

Key facts

This page summarizes Thomas Eugene Clark's Form 4 filing for GLOBAL INDUSTRIAL Co (GIC).
7 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 23 Feb 2023, 15:27.

Change

Previous filing in this sequence was filed on 07 Sep 2022.
Current net transaction value: -$40,934.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GIC transaction

Common Stock

Award

Transaction value: $0
Shares: +2,878
Change %: +11%
Price: $0.000000
Shares after: 29,155
Date: 21 Feb 2023
Ownership: Direct
Footnotes: F1

GIC transaction

Common Stock

Tax liability

Transaction value: $40,934
Shares: -1,412
Change %: -4.8%
Price: $28.99
Shares after: 27,743
Date: 21 Feb 2023
Ownership: Direct
Footnotes: F2

GIC transaction

Common Stock

Award

Transaction value: $0
Shares: +1,088
Change %: +3.9%
Price: $0.000000
Shares after: 28,831
Date: 21 Feb 2023
Ownership: Direct
Footnotes: F3

GIC transaction

Common Stock

Award

Transaction value: $0
Shares: +613
Change %: +2.1%
Price: $0.000000
Shares after: 29,444
Date: 21 Feb 2023
Ownership: Direct
Footnotes: F4

GIC transaction

Common Stock

Award

Transaction value: $0
Shares: +850
Change %: +2.9%
Price: $0.000000
Shares after: 30,294
Date: 21 Feb 2023
Ownership: Direct
Footnotes: F5

GIC transaction

Common Stock

Award

Transaction value: $0
Shares: +11,971
Change %: +40%
Price: $0.000000
Shares after: 42,265
Date: 21 Feb 2023
Ownership: Direct
Footnotes: F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GIC transaction Derivative

Employee Stock Option (right to buy)

Award

Transaction value: $0
Shares: +5,933
Change %
Price: $0.000000
Shares after: 5,933
Date: 21 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,933
Exercise price: $28.99
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Shares of common stock issued upon vesting of performance-based restricted stock units in accordance with the terms of a Performance Restricted Stock Unit award originally granted on January 17, 2019.

Footnote F2

Shares surrendered for payment of tax liability incident to vesting of the Performance Restricted Stock Unit award originally granted on January 17, 2019.

Footnote F3

Shares of common stock issued upon vesting of performance-based restricted stock units (subject to deferred delivery) in accordance with the terms of a Performance Restricted Stock Unit award originally granted on February 21, 2020.

Footnote F4

Footnote F5

Footnote F6

On February 21, 2023, the reporting person was granted 11,971 restricted stock units pursuant to the Issuer's 2020 Omnibus Long-Term Incentive Plan with 25% of the restricted stock units vesting on the first, second, third, and fourth anniversary of the grant date.

Footnote F7

The Employee Stock Option (right to buy) granted on February 21, 2023 vest over a period of four years with 25% of the options vesting on the first, second, third, and fourth anniversary of the grant date.