Global Industrial (GIC) SVP uses 904 shares to settle tax liability
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co senior vice president and Chief Merchandising Officer Alex Tomey reported a routine tax-withholding transaction related to equity compensation. On February 13, 904 shares of common stock were surrendered at $32.17 per share to cover taxes on a vesting performance-based restricted stock unit award originally granted on February 13, 2022. After this disposition, Tomey directly holds 28,263 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tomey Alex
Role
SVP & Chief Merchandising Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 904 | $32.17 | $29K |
Holdings After Transaction:
Common Stock — 28,263 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GLOBAL INDUSTRIAL (GIC) executive Alex Tomey report?
Alex Tomey reported surrendering 904 GLOBAL INDUSTRIAL shares to cover tax obligations. The shares were withheld at $32.17 each when a performance-based restricted stock unit award, originally granted on February 13, 2022, vested, reflecting a routine compensation-related tax settlement.
Was Alex Tomey’s GLOBAL INDUSTRIAL (GIC) Form 4/A transaction an open-market sale?
No, the Form 4/A shows a tax-withholding disposition, not an open-market sale. Shares were surrendered to satisfy tax liability triggered by the vesting of a performance-based restricted stock unit award granted on February 13, 2022, as part of routine equity compensation.
What award triggered the tax-withholding disposition reported by Alex Tomey at GLOBAL INDUSTRIAL (GIC)?
The disposition was triggered by the vesting of a performance-based restricted stock unit award. That award was originally granted on February 13, 2022, and its vesting created a tax liability settled by surrendering 904 shares of GLOBAL INDUSTRIAL common stock.