Form 4: Director Paul Pearlman Receives GIC Equity Grant

Global Industrial Company director Paul S. Pearlman was granted 3,677 restricted stock units as part of the company's 2020 Omnibus Long-Term Incentive Plan.

Summary

• Director Paul S. Pearlman received a grant of 3,677 restricted stock units (RSUs) on June 1, 2026.
• The grant was issued in connection with the company's 2026 Annual Meeting of Stockholders.
• The value of the grant was determined by dividing $110,000 by the average closing price of the stock over the 20 trading days preceding the annual meeting.
• Following this transaction, the director's total beneficial ownership of common stock increased to 17,275 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation that carries no material impact on the company's financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Standardized compensation practice under the existing 2020 Omnibus Long-Term Incentive Plan.

Negatives

• None identified.

Risks

• Vesting of the RSUs is contingent upon the director remaining in service through the second annual meeting following the grant date.

Future Outlook

The RSUs are scheduled to vest on the date of the company's second annual meeting following the June 1, 2026, grant date, provided the director remains in service.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice designed to ensure long-term alignment between board members and shareholders in the industrial distribution sector.

Comparison to Industry Standards

• The use of a 20-day average closing price for determining RSU grant quantities is consistent with standard market practices for executive and director compensation.
• The vesting schedule tied to annual meetings is a common retention mechanism for board members in publicly traded companies.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• Vesting of the 3,677 restricted stock units upon the second annual meeting following the grant date.

Key Dates

Keywords

Global Industrial Company, GIC, Form 4, Director Compensation, Restricted Stock Units, Insider Ownership