GLOBAL INDUSTRIAL (GIC) insider exercises 4,911 options and sells 12,397 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLOBAL INDUSTRIAL Co insider Christopher Longhito reported a series of option exercises and share sales. On March 27, 2026, he exercised employee stock options for 4,911 shares of common stock at strike prices of $28.99 and $23.65 per share.
He then executed open-market sales totaling 12,397 shares of common stock between March 23 and March 27, 2026, at prices around $31 per share. The filings show his directly held common stock position declining to 0 shares, and no remaining option holdings are listed.
Footnotes note that the employee stock options granted in 2020 and 2023 vest over four years, with 25% vesting on each anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,397 shares ($385,014)
Net Sell
11 txns
Insider
Longhito Christopher
Role
Insider
Sold
12,397 shs ($385K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 2,927 | $28.99 | $85K |
| Exercise | Employee Stock Option (Right to Buy) | 1,984 | $23.65 | $47K |
| Exercise | Common Stock | 2,927 | $28.99 | $85K |
| Sale | Common Stock | 2,927 | $31.00 | $91K |
| Exercise | Common Stock | 1,984 | $23.65 | $47K |
| Sale | Common Stock | 1,984 | $31.00 | $62K |
| Sale | Common Stock | 32 | $31.095 | $995.04 |
| Sale | Common Stock | 5,985 | $31.05 | $186K |
| Sale | Common Stock | 286 | $30.97 | $9K |
| Sale | Common Stock | 364 | $31.46 | $11K |
| Sale | Common Stock | 819 | $31.30 | $26K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 9,230 shares (Direct)
Footnotes (1)
- The Employee Stock Option (right to buy) granted on February 21, 2023 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date. The Employee Stock Option (right to buy) granted on February 10, 2020 have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary dates of the grant date.
Key Figures
Shares sold: 12,397 shares
Options exercised: 4,911 shares
Strike price 1: $28.99/share
+3 more
6 metrics
Shares sold
12,397 shares
Total common shares sold across Form 4 period
Options exercised
4,911 shares
Total underlying common shares from option exercises
Strike price 1
$28.99/share
Exercise price for 2,927 option shares
Strike price 2
$23.65/share
Exercise price for 1,984 option shares
Representative sale price
$31.00/share
One of several reported open-market sale prices
Final direct holdings
0 shares
Direct common stock after last reported sale
Key Terms
Employee Stock Option (right to buy), Exercise or conversion of derivative security, Sale in open market or private transaction, four year vesting schedule, +1 more
5 terms
Employee Stock Option (right to buy) financial
"The Employee Stock Option (right to buy) granted on February 21, 2023 have a four year vesting schedule"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
four year vesting schedule financial
"have a four year vesting schedule with 25% vesting on the first, second, third and fourth anniversary"
vesting financial
"25% vesting on the first, second, third and fourth anniversary dates of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Christopher Longhito report at GLOBAL INDUSTRIAL Co (GIC)?
Christopher Longhito reported exercising employee stock options and then selling common shares. He exercised options for 4,911 shares on March 27, 2026, and reported open-market sales totaling 12,397 common shares between March 23 and March 27, 2026.
What stock options did Christopher Longhito exercise in this GLOBAL INDUSTRIAL Co (GIC) Form 4?
He exercised employee stock options covering 2,927 shares at a $28.99 strike price and 1,984 shares at a $23.65 strike price. In total, these option exercises converted 4,911 derivative securities into an equal number of GLOBAL INDUSTRIAL Co common shares.
What were Christopher Longhito’s GLOBAL INDUSTRIAL Co (GIC) holdings after these transactions?
The Form 4 shows his directly held common stock position falling to 0 shares after the final reported sale. The derivativeSummary section lists no remaining employee stock options, indicating the reported option positions were fully exercised in these transactions.
Were Christopher Longhito’s GLOBAL INDUSTRIAL Co (GIC) sales open-market transactions?
Yes. Each common stock sale is coded “S” and described as a “Sale in open market or private transaction.” The reported sale prices near $31 per share indicate executions consistent with open-market activity rather than administrative transfers or tax-withholding dispositions.
How do the vesting terms of GLOBAL INDUSTRIAL Co (GIC) options affect Christopher Longhito’s transactions?
Footnotes state the 2020 and 2023 employee stock options vest over four years, with 25% vesting on each anniversary of the grant date. The exercised options therefore reflect portions that had vested under these four-year schedules before being converted into common shares.