Clark Thomas Eugene 4
4 · GLOBAL INDUSTRIAL Co · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
GLOBAL INDUSTRIAL (GIC) CFO Clark Surrenders Shares, Buys via ESPP
What Happened
- Clark Thomas Eugene, Chief Financial Officer of Global Industrial Co. (GIC), had 3,223 shares surrendered to satisfy tax withholding on vested restricted stock units (RSUs). Those surrendered lots were: 1,439 shares, 381 shares, and 1,403 shares, each priced at $32.98 for total value surrendered of ~$106,294.
- On the same date (March 2, 2026) he acquired 371 shares through the company’s Employee Stock Purchase Plan (ESPP) at $28.64 per share for $10,624. The ESPP purchase is an acquisition (discounted plan) and is reported separately from the RSU tax withholding.
Key Details
- Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely).
- Surrenders for tax withholding: 1,439 @ $32.98 = $47,458; 381 @ $32.98 = $12,565; 1,403 @ $32.98 = $46,271. These are tax-withholding dispositions tied to RSU vesting.
- ESPP purchase: 371 @ $28.64 = $10,624. Footnote states the ESPP purchase was based on 85% of the closing price and is exempt under Rule 16b-3(c).
- Shares owned after the transactions: not specified in the supplied filing details.
- Footnotes: F1–F3 confirm the surrendered shares were to cover tax liabilities from RSUs granted on 2/21/2023, 2/28/2024, and 2/25/2025. F4–F5 describe the ESPP purchase mechanics and exemption.
- Transaction codes: F = tax withholding (disposition), J = other acquisition (ESPP). No indication of a 10b5-1 sale plan or late filing.
Context
- Surrendering shares to cover RSU taxes is a routine administrative action (not an open-market sale) where vested shares are withheld to satisfy taxes.
- The ESPP purchase is a discounted employee benefit (here at 85% of the closing price), which is a common way insiders acquire shares and is generally treated differently from market purchases for signaling purposes.
- The filing appears routine and timely; these entries reflect compensation-plan activity rather than an executive-initiated market sale.
Insider Transaction Report
Form 4
Clark Thomas Eugene
SVP & Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-02$32.98/sh−1,439$47,458→ 74,047 total - Tax Payment
Common Stock
[F2]2026-03-02$32.98/sh−381$12,565→ 73,666 total - Tax Payment
Common Stock
[F3]2026-03-02$32.98/sh−1,403$46,271→ 72,263 total - Other
Common Stock
[F4][F5]2026-03-02$28.64/sh+371$10,624→ 72,634 total
Footnotes (5)
- [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.
- [F4]The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Global Industrial Company (f/k/a Systemax Inc.) Employee Stock Purchase Plan ("ESPP") on March 2, 2026. This transaction is exempt under Rule 16b-3(c).
- [F5]In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on March 2, 2026.
Signature
/s/ Thomas Eugene Clark by April Gruder as Attorney-in-Fact|2026-03-03