Barry Litwin - Jan 7, 2022 Form 4 Insider Report for GLOBAL INDUSTRIAL Co (GIC)

Signature
/s/ Barry Litwin
Stock symbol
GIC
Transactions as of
Jan 7, 2022
Transactions value $
-$85,023
Form type
4
Date filed
1/11/2022, 06:38 PM
Previous filing
Nov 26, 2021
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GIC Common Stock Award $0 +17.9K +23.53% $0.00 94K Jan 7, 2022 Direct F1, F2
transaction GIC Common Stock Tax liability -$85K -2.23K -2.32% $38.11 94K Jan 7, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 7, 2022, the reporting person was granted 17,903 restricted stock units pursuant to the Company's 2020 Omnibus Long-Term Incentive Plan, which vest in four installments: 4,476 units on January 7, 2023; 4,476 units on January 7, 2024, 4,476 units on January 7, 2025 and 4,476 units on January 7, 2026.
F2 The amount of non-derivative securities beneficially owned following all reported transactions on this Form 4 is 93,984, which includes 12,100 unvested Restricted Stock Units that were granted on January 7, 2019; 14,136 unvested Restricted Stock Units that were granted on January 7, 2020; 14,064 unvested Restricted Stock Units that were granted on January 7, 2021; 396 unvested Restricted Stock Units that were granted on February 21, 2021; 17,903 unvested Restricted Stock Units that were granted on January 7, 2022 and 32,385 shares of common stock.
F3 Shares surrendered to the Issuer for payment of tax liability incident to vesting of prior restricted stock award.