GLOBAL INDUSTRIAL Co
For the period ended Dec 31, 2025. Filed Apr 22, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2025 · Filed Apr 22, 2026
Contents
Pay Versus Performance Table
In accordance with the SEC’s PvP rules, below is the required tabular disclosure for the Principal Executive Officer
(“PEO”) and the average for the NEOs excluding the PEO (“Non-PEO NEOs”) for 2025, 2024, 2023, 2022 and 2021.
| Year(a) · Summary Compensation Table Total (1)($)(b) · Compensation Actually Paid to PEO(5)(6)($) (c) · Average Summary Compensation Table Total for Non-PEO NEOs(5)($)(d) · Average Compensation Actually Paid to Non-PEO NEOs(e)(1)(5)(6) · Value of Initial Fixed $100 Investment Based On:(7) · Net Income($mm)(h) · Adjusted Operating Income ($mm)(i) | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| For First PEO(2) · For Second PEO(3) · For Third PEO(4) · For First PEO · For Second PEO · For Third PEO · Total Shareholder Return(f) · Peer Group TotalShareholder Return(g) | ||||||||||||||||||
| 2025 | 4,413,641 | 1,126,192 | N/A | 4,870,594 | 1,126,192 | N/A | 1,293,776 | 1,521,434 | 96.2 | 143.0 | 72.1 | 97.6 | ||||||
| 2024 | N/A | 354,411 | 1,928,155 | N/A | 354,411 | (1,389,595) | 1,580,810 | 1,197,739 | 78.6 | 132.4 | 61.0 | 80.5 | ||||||
| 2023 | N/A | N/A | 2,775,057 | N/A | N/A | 4,902,796 | 1,052,016 | 1,458,579 | 119.6 | 118.25 | 70.7 | 96.5 | ||||||
| 2022 | N/A | N/A | 4,237,236 | N/A | N/A | 2,166,146 | 1,036,904 | 703,292 | 70.5 | 97.45 | 78.8 | 105.2 | ||||||
| 2021 | N/A | N/A | 2,994,500 | N/A | N/A | 3,543,568 | 1,075,700 | 963,934 | 119.6 | 142.7 | 103.3 | 88.0 | ||||||
(1)Ms. Chaibi has served as our PEO since February 17, 2025 ("First PEO"). Mr. Richard B. Leeds served as our PEO from August 21, 2024 through February 17, 2025 ("Second PEO"). Mr. Barry Litwin served as our PEO during 2021, 2022, 2023 and through August 21, 2024 ("Third PEO"). The individuals comprising the Non-PEO NEOs for each year presented are as follows:
2025: Thomas Clark, Claudia Hughes, Manoj Shetty and Adina Storch.
2024: Thomas Clark, Claudia Hughes, Manoj Shetty and Adina Storch.
2023: Richard B. Leeds, Bruce Leeds, Robert Leeds, Thomas Clark, Claudia Hughes and Manoj Shetty.
2022: Thomas Clark, Claudia Hughes, Manoj Shetty and Klaus Werner.
2021: Richard B. Leeds, Bruce Leeds, Robert Leeds, Thomas Clark and Eric Lerner.
(2)The dollar amounts reported in this column represent total compensation for Ms. Chaibi for the period from February 17, 2025 through December 31, 2025. See Summary Compensation Table on page 39 of this Proxy Statement.
(3)The dollar amounts reported in this column represent the total compensation for Mr. Richard B. Leeds for the period from August 21, 2024 through February 17, 2025. See Summary Compensation Table on page 39 of this Proxy Statement.
(4)The amounts reported in this column represent total compensation for Mr. Litwin for 2021, 2022, 2023 and through August 21, 2024. See Summary Compensation Table in the Company's Proxy Statement for the applicable year.
(5)The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by the Company’s NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table above for each corresponding year, adjusted as described in footnote 6 below. Compensation actually paid to Mr. Litwin in 2024 reflects the forfeiture of unvested equity awards.
(6)For each of 2025, 2024, 2023, 2022 and 2021, the values included in this column for the compensation actually paid to our PEO(s) and the average compensation actually paid to our Non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively.
Global Industrial Company 2026 Proxy Statement | 49
| PEO · 2025 For First PEO · 2025 For Second PEO | ||||
|---|---|---|---|---|
| Summary Compensation Table ("SCT") Total for PEO (column (b)) | $4,413,641 | $1,126,192 | ||
| - | aggregate change in actuarial present value of pension benefits | |||
| + | service cost of pension benefits | |||
| + | prior service cost of pension benefits | |||
| - | SCT “Stock Awards” column value | $(1,500,023) | $— | |
| - | SCT “Option Awards” column value | $(254,311) | $— | |
| + | year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end | $2,211,287 | $— | |
| [+/-] | year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end | $— | $— | |
| + | vesting date fair value of equity awards granted and vested in the covered year | $— | $— | |
| [+/-] | year-over-year change in fair value of equity awards granted in prior years that vested in the covered year | $— | $— | |
| - | fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year | $— | $— | |
| + | dollar value of dividends/earnings paid on equity awards in the covered year | |||
| + | excess fair value for equity award modifications | |||
| Compensation Actually Paid to PEO (column (c)) | $4,870,594 | $1,126,192 | ||
| Average for Non-PEO NEOs | 2025 | |
|---|---|---|
| Average SCT Total for Non-PEO NEOs (column (d)) | $1,293,776 | |
| - | aggregate change in actuarial present value of pension benefits | |
| + | service cost of pension benefits | |
| + | prior service cost of pension benefits | |
| - | SCT “Stock Awards” column value | $(411,910) |
| - | SCT “Option Awards” column value | $— |
| + | year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end | $506,353 |
| [+/-] | year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end | $126,293 |
| + | vesting date fair value of equity awards granted and vested in the covered year | |
| [+/-] | year-over-year change in fair value of equity awards granted in prior years that vested in the covered year | $118,173 |
| - | fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year | $(111,251) |
| + | dollar value of dividends/earnings paid on equity awards in the covered year | |
| + | excess fair value for equity award modifications | |
| Average Compensation Actually Paid to Non-PEO NEOs (column (e)) | $1,521,434 | |
(7)For each of 2025, 2024, 2023, 2022 and 2021, total shareholder return for the Company and the peer group represents the dollar value as of December 31, 2025, 2024, 2023, 2022 and 2021, of a deemed fixed investment of $100 at market close on December 31, 2020, assuming reinvestment of dividends. The Peer Group TSR set forth in this table utilizes the S&P Retail Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.