Clark Thomas Eugene 4/A

What Happened

• Clark Thomas Eugene, CFO of Global Industrial Co (GIC), surrendered 471 shares on 2025-02-28 to satisfy tax withholding obligations tied to the vesting of performance-based RSUs. The shares were recorded at $23.77 each, for a total value of $11,196. This was not a market sale but a share withholding to cover taxes on vested awards.

Key Details

• Transaction date: 2025-02-28. Price used for withholding: $23.77 per share. Total value: $11,196. (Transaction code F = tax withholding.)
• Footnote: Shares surrendered were to satisfy tax liability on a Performance-Based Restricted Stock Unit award originally granted on February 21, 2021.
• Amendment: This Form 4/A (filed 2026-03-25) corrects the prior Form 4 (filed March 4, 2025). The original filing incorrectly reported 482 shares withheld; the correct number is 471. No other information changed.
• Beneficial ownership: The amended filing states the number of shares beneficially owned was revised accordingly; see the amended Form 4 for the updated total outstanding shares reported for the insider.

Context

• Share surrenders to cover tax withholding for vested RSUs are routine and do not necessarily indicate a buy or sell signal. This was effectively a cashless withholding (shares used to pay taxes) rather than an open-market sale. The amendment corrects the withheld-share count; investors should refer to the amended filing for the precise updated beneficial ownership.