other material
confidence high
sentiment neutral
materiality 0.50
Global Industrial grants CEO Barry Litwin $1M RSU award; 30,003 units vest over four years
GLOBAL INDUSTRIAL Co
- Board and Compensation Committee approved $1,000,000 RSU grant to CEO Barry Litwin on July 1, 2022.
- Award consists of 30,003 restricted stock units under the 2020 Omnibus Long-Term Incentive Plan.
- 20% of RSUs vested on grant date; remaining 20% vests annually on each of the next four anniversaries.
- Vesting subject to continuous employment; accelerated vesting per award agreement terms.