DEF 14A of Global Industrial Co, Apr 22, 2026

DEF 14A of Global Industrial Co

Filed Apr 22, 2026 · FY20250001628280-26-026622

Open on EDGAR

  1. April 22, 2026

    | Executive Compensation | 39 | | Summary Compensation Table | 39 | | Grants of Plan-Based Awards in 2025 | 40 | | Equity Grant Practices | 40 | | Outstanding Equity Awards at Year-End for Fiscal Year 2025 | 41 | | Option Exercises and Stock Vested for Fiscal Year 2025 | 42 | | Employment Arrangements with Named Executive Officers | 43 | | Potential Payments Upon Termination of Employment or Change in Control | 44 | | CEO Pay Ratio Disclosure | 48 | | Pay Versus Performance | 49 | | Background | 49 | | Pay Versus Performance Table | 49 | | Tabular List of Financial Performance Measures | 50 | | Pay Versus Performance Relationship Descriptions | 51 | | Proposal No. 2 – Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Auditor for Fiscal Year 2026 | 53 | | Fees Paid to our Independent Auditor | 53 | | Audit Committee Pre-Approval Policy | 53 | | Report of the Audit Committee | 54 | | Proposal No. 3 – Advisory (Non-Binding) Vote on the Compensation of the Company's Named Executive Officers | 55 | | Proposal No. 4 – Approval of the Company's Amended and Restated 2018 Employee Stock Purchase Plan | 56 | | Security Ownership Information | 60 | | Security Ownership of Directors and Management | 60 | | Security Ownership of Certain Beneficial Owners | 61 | | Delinquent Section 16(a) Reports | 61 | | Equity Compensation Plans | 62 | | Certain Relationships and Related Transactions | 63 | | Related Party Transaction Policy | 63 | | Related Party Transactions | 63 | | Additional Matters | 64 | | Appendix A: Global Industrial Company Amended and Restated 2018 Employee Stock Purchase Plan | 65 |

  2. Information About Our Board and Principal Committees (Pages 21-23)

    Information About Our Board and Principal Committees (Pages 21-23)

  3. Information About Our Board and Principal Committees (Pages 21-23)

    | | Number of Members | Independent | Number of Meetings During 2025 | | Full Board of Directors | 8 | 50% | 8 | | Audit Committee | 4 | 100% | 8 | | Compensation Committee | 4 | 100% | 6 | | Nominating/Corporate Governance Committee | 3 | 100% | 5 |

  4. Our Pay and Governance Practices (Page 29)

    | WHAT WE DO: | | WHAT WE DON'T DO: | | | ✓ | Pay for Performance Alignment | X | No Dividends on Unearned Performance-Based Equity Awards | | ✓ | Caps on Payouts of Annual Non-Equity Incentive Compensation | X | No Stock Trading Plans Without Committee Approval and Oversight | | ✓ | Adoption of Minimum Stock Ownership Requirements for Our Executive Officers and Non-Management Directors to Reinforce Alignment with Stockholders | X | No Compensation or Incentives that Encourage Unnecessary or Excessive Risk-Taking | | ✓ | Independent Compensation Committee Advised by Independent Compensation Consultant | X | No Supplemental Retirement Benefits for Executives | | ✓ | Maintain Stockholder Engagement Program | X | No Liberal Share Recycling under Equity Compensation Plans |

  5. How can I find voting results of the Annual Meeting?

    | Richard B. Leeds Executive Chairman | Principal Occupation and Positions Held •Age: 66 •Year in which First Elected a Director: 1995 •Committee(s) Served: Executive Committee •Principal Occupation and Other Information: Richard B. Leeds joined the Company in 1982 and served as our Chairman and CEO from April 1995 until becoming our Executive Chairman in March 2016. He also served as President of our Industrial Products Group until 2011. | | Mr. Leeds was selected to serve as Executive Chairman of our Board due to his experience and depth of knowledge of Global Industrial and the direct marketing and industrial products industries, his role in developing and managing our business strategies and operations, as well as his exceptional business judgment and leadership qualities. | | | Bruce Leeds Vice Chairman | Principal Occupation and Positions Held •Age: 70 •Year in which First Elected a Director: 1995 •Committee(s) Served: Executive Committee •Principal Occupation and Other Information: Bruce Leeds joined the Company in 1977 and has served as our Vice Chairman since April 1995. He also served as President of our International Operations until 2005. | | Mr. Leeds was selected to serve as a director on our Board due to his experience and depth of knowledge of the Company and the direct marketing and industrial products industries, his role in developing and managing our business strategies and operations, his experience in international business, as well as his exceptional business judgment. | |

  6. How can I find voting results of the Annual Meeting?

    | Robert Leeds Vice Chairman | Principal Occupation and Positions Held •Age: 70 •Year in which First Elected a Director: 1995 •Committee(s) Served: Executive Committee •Principal Occupation and Other Information: Robert Leeds joined the Company in 1977 and has served as our Vice Chairman since April 1995. He also served as President of our Domestic Operations until 2005 and as Chief Executive of the North American Technology Products Group from 2013 to 2015. | | Mr. Leeds was selected to serve as a director on our Board because of his experience and depth of knowledge of the Company and the direct marketing and industrial products industries, his role in developing and managing our business strategies and operations, as well as his exceptional business judgment. | | | Anesa T. Chaibi Chief Executive Officer | Principal Occupation and Positions Held •Age: 59 •Year in which First Elected a Director: 2025 •Committee(s) Served: None •Principal Occupation and Other Information: Ms. Chaibi was appointed Chief Executive Officer of Global Industrial in February 2025. In addition to serving as a member on our Board, Ms. Chaibi is also a member of the board of directors of Advanced Drainage Systems, Inc. (NYSE: WMS), a position she has held since July 2020. Prior to joining Global Industrial, from April 2023 to February 2025, she served as Operating Partner and Chief Transformation Officer at Coalesce Capital Management, a private equity firm focused on investments in the services sector, and was a member of the board of Regal Rexnord Corporation (NYSE: RRX) from November 2014 to February 2025. Prior to her role at Coalesce Capital Management, Ms. Chaibi served as Chief Executive Officer and board member of CoolSys, Inc., a refrigeration, HVAC and sustainable energy solutions provider, from October 2021 until February 2023. She also served as Industry Advisor to the Industrial and Business Services Group of Warburg Pincus from November 2019 until October 2021, and served on the board of directors of Warburg Pincus Capital Corporation 1-A (NYSE: WPCA) from March 2021 until March 2023. Prior to joining Warburg Pincus, Ms. Chaibi served in a variety of senior management roles in the industrial sector, including President and CEO of HD Supply Facilities Maintenance for over a decade. Ms. Chaibi holds a B.S. in Chemical Engineering from West Virginia University and an M.B.A. from the Fuqua School of Business at Duke University. | | Ms. Chaibi was selected to serve as a director on our Board due to her operating and executive leadership experience in the industrial B2B space. | |

  7. How can I find voting results of the Annual Meeting?

    | Paul S. Pearlman Independent Director | Principal Occupation and Positions Held •Age: 72 •Year in which First Elected a Director: 2019 •Committee(s) Served: Chair of the Nominating/Corporate Governance Committee; Member of the Audit Committee and the Compensation Committee •Principal Occupation and Other Information: Since March 2020, Mr. Pearlman has been a partner in Zeughauser Group, LLC, a nationally prominent law firm and management consulting firm. From August 2000 through December 2019, Mr. Pearlman was the Managing Partner of Kramer Levin Naftalis & Frankel LLP, a New York City headquartered international law firm and Mr. Pearlman continued to serve as Counsel, Managing Partner Emeritus in the firm until January 31, 2022. Prior thereto, he was a partner in the firm practicing in the areas of private equity and corporate restructuring. Mr. Pearlman is a 1978 cum laude graduate of St. John’s University School of Law and a 1975 graduate of George Washington University. | | Mr. Pearlman was selected to serve as a director on our Board due to his business and legal experience and acumen as well as his management, financial and leadership skills as the head of a prominent international law firm. | | | l Robert D. Rosenthal Independent Director | Principal Occupation and Positions Held •Age: 77 •Year in which First Elected a Director: 1995 •Committee(s) Served: Member of the Audit Committee, the Compensation Committee, the Nominating/Corporate Governance Committee and the Executive Committee •Principal Occupation and Other Information: Robert D. Rosenthal has been the lead independent director since October 2006. Mr. Rosenthal is Chairman and Chief Executive Officer of First Long Island Investors LLC, which he co-founded in 1983. Mr. Rosenthal is the Chairman and CEO of a wealth management company that invests in numerous public companies and is also an attorney and member of the bar of the State of New York. Mr. Rosenthal is a 1971 cum laude graduate of Boston University and a 1974 graduate of Hofstra University Law School. | | Mr. Rosenthal was selected to serve as a director on our Board due to his financial, investment and legal experience and acumen. | |

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    | Compensation Element | Amount ($)(1) | | Retainers(2) | 85,000 | | Restricted Stock Units(3) | 50,000 | | Committee Chair Annual Retainers(2) | | | Audit Committee | 25,000 | | Compensation Committee | 15,000 | | Nominating/Corporate Governance Committee | 15,000 | | Committee Member Annual Retainers(2) | | | Audit Committee | 12,500 | | Compensation Committee | 7,500 | | Nominating/Corporate Governance Committee | 7,500 | | Lead Independent Director Retainer(2) | 22,500 |

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    (1)Prior to the update effective on October 1, 2025, (i) annual non-management director retainers were $70,000, (ii) committee chair annual retainers were $20,000, $10,000 and $10,000 for the Audit Committee, Compensation Committee, and Nominating/Corporate Governance Committee, respectively, (iii) committee member annual retainers were $10,000, $5,000 and $5,000 for the Audit Committee, Compensation Committee, and Nominating/Corporate Governance Committee, respectively and (iv) the annual Lead Independent Director retainer was $20,000. (2)Retainer amounts are paid in quarterly installments. (3)Each non-management director receives an annual grant of time-based restricted stock units each year immediately following the annual stockholders meeting in an amount equal to $50,000 divided by the average closing price per share during the 20 trading days preceding the date of the annual meeting (rounded up to the nearest whole number of shares). Such time-based restricted stock units are generally subject to forfeiture if the holder is not a director of Global Industrial on the date of the second annual meeting following such grant, and cannot be sold while so restricted; such restrictions lapse if the holder dies or becomes disabled or there is a change of control, as defined in the grant agreement. Cash dividend equivalents are paid on the unvested time-based restricted stock units. Non-Management Director Compensation in Fiscal Year 2025 The following table discusses the compensation earned by each of our non-management directors in fiscal year 2025.

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    | Name | Fees Earned or Paid in Cash ($)(1) | Stock Awards ($)(2) | Option Awards ($) | All Other Compensation ($)(3) | Total ($) | | Chad M. Lindbloom | 116,875 | 50,000 | - | 3,538 | 170,413 | | Gary S. Michel | 100,625 | 50,000 | - | 2,477 | 153,102 | | Paul S. Pearlman | 103,125 | 50,000 | - | 3,538 | 156,663 | | Robert D. Rosenthal | 126,875 | 50,000 | - | 3,538 | 180,413 |

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    (1) Fees for Messrs. Michel and Pearlman reflect pro-rated amounts for their service as Chairs of the Compensation Committee and Nominating/Corporate Governance Committee, respectively, beginning October 1, 2025. Fees for Messrs. Lindbloom and Rosenthal reflect pro-rated amounts for their service as Chairs of those respective committees through September 30, 2025. (2) At December 31, 2025, 3,330 unvested time-based restricted stock units remained outstanding for each of Messrs. Lindbloom, Michel, Pearlman and Rosenthal. This column represents the fair value of the stock award on the grant date determined in accordance with the provisions of ASC 718. As per SEC rules relating to executive compensation disclosure, the amounts shown exclude the impact of forfeitures related to service-based vesting conditions. For additional information regarding assumptions made in calculating the amount reflected in this column, please refer to Note 13 to our audited consolidated financial statements, included in our Annual Report on Form 10-K for fiscal year 2025. (3) Dividend equivalent payments on unvested time-based restricted stock units. Executive Officers There are no arrangements or understandings between any officer and any other person pursuant to which such person was selected as an officer. Biographical information for Messrs. Richard B. Leeds, Bruce Leeds, and Robert Leeds and Ms. Chaibi is on pages 10-11 of this Proxy Statement.

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    | Senior Vice President and Chief Marketing Officer | | | | Biographical Information Lisa Armstrong was appointed Senior Vice President and Chief Marketing Officer of Global Industrial in August 2024. She recently served as Chief Marketing Officer and Vice President, Global Marketing at Resideo Technologies. Prior to Resideo, Ms. Armstrong held senior leadership positions at Filtration Group Madison Industries, Pentair, and Honeywell and has also served on the Board of Directors at Salo LLC, and several non-profit organizations. Ms. Armstrong holds an M.B.A. from Cornell University, and an H.B.A. from University of Western Ontario. | | Lisa Armstrong Age 56 Executive Officer of the Company Since 2024 | | | Senior Vice President and Chief Financial Officer | | | | Biographical Information Thomas Clark was appointed Senior Vice President of Global Industrial in January 2020 and has served as Chief Financial Officer since October 2016. Mr. Clark originally joined Global Industrial in 2007. Prior to being appointed Senior Vice President and Chief Financial Officer, Mr. Clark served in a number of senior financial positions at Global Industrial, including Director of Finance and Manager of Financial Planning & Analysis. Mr. Clark holds a B.A. and an M.B.A. from the University of Miami. | | Thomas Clark Age 44 Executive Officer of the Company Since 2016 | | | Senior Vice President and Chief Sales Officer | | | | Biographical Information Claudia Hughes joined Global Industrial in 2021 as Senior Vice President and Chief Sales Officer. She was previously Senior Vice President, US Field Sales for Office Depot, where she held positions of increasing responsibility during her 27-year tenure. Ms. Hughes possesses exceptional business skills across B2B Sales, Sales Leadership and Sales Operations, with data driven results. Ms. Hughes holds a B.S. from the University of Maryland, College Park. | | Claudia Hughes Age 58 Executive Officer of the Company Since 2021 | |

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    | Senior Vice President and Chief Human Resources Officer | | | | Biographical Information Ann Miller has served as Senior Vice President and Chief Human Resources Officer of Global Industrial since October 2025. Before joining the Company, she most recently served as Chief Human Resources Officer of Westinghouse Electric Company LLC. She previously held Chief Human Resources Officer roles at CoolSys, Inc., Voyant Beauty, Inc., Optimas OE Solutions, LLC, and Dover Corporation. Earlier in her career, she served as Senior Director of Human Resources at General Electric Company. Ms. Miller brings extensive experience driving measurable results, implementing enterprise HR systems and building high-performance cultures. She holds a B.S. from Myers University and an M.B.A. from Tiffin University. | | Ann Miller Age 55 Executive Officer of the Company Since 2025 | | | Senior Vice President and Chief Information Officer | | | | Biographical Information Manoj Shetty was appointed Senior Vice President and Chief Information Officer of Global Industrial in August 2014. Mr. Shetty originally joined Global Industrial in 2000 and has served in several Information Technology roles since that time. Prior to joining Global Industrial, Mr. Shetty was employed at Mercator (ultimately acquired by IBM) and in the manufacturing sector. Mr. Shetty holds a B.E. (Bachelors in Engineering) from S.J.C.E. Mysore (Sri Jayachamarajendra College of Engineering). | | Manoj Shetty Age 65 Executive Officer of the Company Since 2014 | |

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    | Senior Vice President, General Counsel and Corporate Secretary | | | | Biographical Information Adina Storch joined Global Industrial in 2021 as Senior Vice President, General Counsel and Corporate Secretary. She also serves as Chair of the Board and a member of the Audit Committee and the Corporate Governance, Nominating and Compensation Committee of Medical Facilities Corporation (TSX: DR). She recently served as the General Counsel, Chief Compliance Officer and Corporate Secretary of Cedar Realty Trust and prior to that was a partner at Kasowitz, Benson, Torres & Friedman LLP and an associate with the Paris office of Shearman & Sterling LLP. During her career, Ms. Storch has advised domestic and international companies across a range of topics, including capital markets transactions and regulatory compliance matters. Ms. Storch holds a J.D. from the Yale Law School, where she was a Senior Editor of the Yale Law Journal, and a B.A. summa cum laude with distinction in the major from Yale College. | | Adina Storch Age 54 Executive Officer of the Company Since 2021 | |

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    | Senior Vice President and Chief Merchandising Officer | | | | Biographical Information Alex Tomey joined Global Industrial in 2021 as Senior Vice President and Chief Merchandising Officer. He recently served as Co-Chief Merchandising Officer at Petco and prior to that as Senior Vice President, Product Development and Global Sourcing at DICK'S Sporting Goods. During his career, Mr. Tomey has held various merchandising leadership positions at leading retailers including Kohl's and Walmart. Mr. Tomey has previously held board positions at Petco Mexico and DICK’s Sporting Goods Foundation. Mr. Tomey holds a B.S. from the University of Missouri-Columbia. | | Alex Tomey Age 56 Executive Officer of the Company Since 2021 | |

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    Compensation Discussion and Analysis Executive Summary This Compensation Discussion and Analysis describes the Company's pay for performance compensation philosophy and programs, and explains the compensation earned by Global Industrial's Named Executive Officers (“NEOs”) in 2025, who are listed in the following table.

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    | Name | Title | | Richard B. Leeds* | Executive Chairman and Former Interim Chief Executive Officer | | Anesa T. Chaibi | Chief Executive Officer | | Thomas Clark | Senior Vice President and Chief Financial Officer | | Claudia Hughes | Senior Vice President and Chief Sales Officer | | Manoj Shetty | Senior Vice President and Chief Information Officer | | Adina Storch | Senior Vice President, General Counsel and Corporate Secretary |

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    •Mr. Richard B. Leeds served as Interim Chief Executive Officer from August 21, 2024 until February 17, 2025, at which time Ms. Chaibi became Chief Executive Officer. Central Objectives and Philosophy of Our Executive Compensation Program The Compensation Committee designs competitive compensation packages aimed at achieving the proper amount and mix of short-term, annual and long-term incentive programs to serve several important objectives: •attracting and retaining individuals of superior ability and managerial talent; •rewarding outstanding individual and team contributions to the achievement of our short- and long-term financial and business objectives, including our evolving go-to-market strategy that is focused on customer centricity and ensuring alignment of our actions with the specific needs of our customer base; •promoting integrity and good corporate governance; •motivating our NEOs to manage for sustained growth and financial performance, and enhanced stockholder value, for the long-term benefit of our stockholders, customers and employees; and •mitigating risk and reducing risk taking behavior that might negatively affect financial results, without diminishing the incentive nature of the compensation (as described below). Pay and Governance Practices Our commitment to good governance is further reflected in our executive compensation philosophy designed to reinforce alignment between pay and performance. Our executive compensation program includes a number of features intended to reflect best practices in the market and to help ensure that the program reinforces our stockholders’ interests, including:

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    | WHAT WE DO: | | WHAT WE DON'T DO: | | | ✓ | Pay for Performance Alignment: We align our senior executives' compensation with stockholder returns by providing a significant portion of our senior executives’ compensation in the form of at-risk awards tied to our short- and long-term strategy and measurable performance. In addition, a portion of our senior executives’ compensation is given in the form of equity that vests ratably over several years to encourage retention and further reinforce stockholder alignment. | X | No Dividends on Unearned Performance-Based Equity Awards: Dividend equivalent rights issued in connection with performance-based restricted stock units are not earned or paid unless and until the performance-based restricted stock units vest. | | ✓ | Caps on Payouts of Annual Non-Equity Incentive Compensation: Our annual non-equity incentive compensation for the Company's senior leadership team is capped at a maximum award payable to any individual. | X | No Stock Trading Plans Without Committee Approval and Oversight: Our directors and executive officers are prohibited from entering securities trading plans pursuant to SEC Rule 10b5-1 without the pre-approval of our Nominating/Corporate Governance Committee. | | ✓ | Adoption of Minimum Stock Ownership Requirements for Our Executive Officers and Non-Management Directors to Reinforce Alignment with Stockholders: We require meaningful stock ownership for certain officers and non-management directors to reinforce alignment with our stockholders. | X | No Compensation or Incentives that Encourage Unnecessary or Excessive Risk-Taking: While our compensation program rewards the Company's senior leadership team for achievement of short- and long-term strategic and operational goals as measured through achievement of multiple operational metrics, our Compensation Committee reviews market considerations, internal considerations and the long-term interests of our stockholders, to ensure that excessively risky behaviors are not incentivized. | | ✓ | Independent Compensation Committee Advised by Independent Compensation Consultant: The Compensation Committee, like all of our principal Board committees, is comprised solely of independent directors, and retains an independent compensation consultant to advise it, as needed, on market compensation trends, and best pay practices. | X | No Supplemental Retirement Benefits for Executives: We do not have any supplemental executive retirement or other non-qualified deferred compensation plans. | | ✓ | Maintain Stockholder Engagement Program. Our investor relations engagement program facilitates proactive outreach with stockholders to gather their perspectives on a variety of topics. By maintaining transparent communication and aligning executive pay with company performance and shareholder expectations, we reinforce accountability and drive long-term value creation. | X | No Liberal Share Recycling under Equity Compensation Plans: Shares tendered or held back for taxes or to cover the exercise price of a stock option will not be added back to the reserve pool under our equity plans. Similarly, shares we reacquire in the open market will not be added to the reserve pool. |

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    Risk Management and Pay Alignment We believe our compensation program for NEOs encourages and rewards prudent business judgment and appropriate risk-taking over the long-term. We believe the following factors are effective in mitigating risk relating to our executive compensation program including the risk that an executive will take action that is detrimental to our long-term interests in order to increase the executive’s short-term performance-based compensation: •Governance and Management Processes. Together with the Audit Committee, our Board is responsible for overseeing the risk management processes associated with our operations, and seeking to ensure that appropriate general and specific risk mitigation considerations are implemented by management for the most significant risks facing our Company and giving due consideration to these risks in our business and operations planning. Our Compensation Committee is responsible for considering risk mitigation issues and for including strategies to mitigate risk in our executive compensation program. •Regular Oversight. Risk management is overseen by the Board and Audit Committee on a quarterly basis, covering particular risk management matters in connection with general oversight and approval of corporate matters, and through discussions relating to material risks affecting the Company presented by management and by our Finance, Legal, Risk Management/Insurance and Internal Audit departments. The Compensation Committee members also receive these presentations and take risk mitigation into account in designing our executive compensation program. •Multiple Performance Factors. We use multiple performance factors that encourage NEOs to focus on the overall health of the business rather than on a single financial measure. •Award Cap. Our annual non-equity incentive compensation program for NEOs caps the maximum award payable to any individual. •Long-Term Equity Incentive Compensation. Our NEOs receive restricted stock units (a portion of which are subject to time-based vesting and a portion of which vest based on satisfaction of performance metrics) and Ms. Chaibi receives stock options in addition to restricted stock units. Except as otherwise provided in an NEO’s employment agreement, if applicable, performance-based equity awards are based on level of seniority and function within our organization, and the vesting of such awards is determined by reference to pre-determined financial metrics over a defined measurement period, as set by our Compensation Committee each year. We believe the current equity compensation structure appropriately incentivizes our executives to focus on long-term achievements and align with creation of stockholder value. Role of the Compensation Committee in Compensation Decisions The Compensation Committee’s responsibility is to review and approve corporate goals relevant to the compensation of the CEO and, after an evaluation of the CEO’s performance in light of such goals, to set the compensation of the CEO. The Compensation Committee makes recommendations to the Board with respect to: ➢ the annual compensation of the senior executive officers of Global Industrial (excluding the CEO); ➢ the general compensation, benefits and perquisite policies and practices of the Company including our incentive-based and equity-based compensation plans; and ➢ all individual stock-based incentive grants. In addition, the Compensation Committee approves equity incentive compensation awards and the Compensation Committee works with the Audit Committee to ensure our compensation policies address and promote our risk management goals and objectives. Independent Compensation Consultant The Compensation Committee is empowered to retain third-party compensation consultants to provide assistance with respect to compensation strategies, market practices, market research data and our compensation goals. Korn Ferry, US serves as the Compensation Committee’s independent compensation consultant, and has conducted a benchmarking assessment of compensation levels and perquisites for the executive team. The compensation consultant through a separate engagement with the Company has also advised on employee compensation benchmarking for certain management roles and provided a comprehensive overview of the compensation strategy and long-term incentive plan design at Global Industrial. Taking into consideration the independence factors set forth in applicable SEC and NYSE rules, the Compensation Committee determined that Korn Ferry was independent and that its work did not raise any conflicts of interest. Market Comparison In 2022, our Compensation Committee retained a compensation consultant to conduct a review of current market information relating to compensation practices. In February 2023, the Compensation Committee and Board, taking into consideration the recommendations of the compensation consultant, revised the Company's peer set. In performing its review of market compensation practice and determining the peer set, the compensation consultant used a comparator group screening methodology that considered several financial and non-financial considerations, including but not limited to company size, complexity, similarity, revenue and pay quantum. All of the peer set companies had revenues between $575M and $3B (approximately 0.5x to 3x the Company’s revenue). Below are the companies included in the Company's peer set:

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    | | | Percent Payout | | | | | Non-Equity Incentive Compensation Determinants (%) | Threshold (%) | Target (%) | Maximum (%) | | Adjusted Operating Income | 45 | 50 | 100 | 175 | | Net Sales Performance | 25 | 50 | 100 | 175 | | Individual Strategic Objectives | 30 | 40 | 100 | 110 | | Total | 100 | 48.5 | 100 | 154 |

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    Discretionary Adjustments Due to Exceptional Circumstances The Compensation Committee has the discretion to recommend to the Board adjustments of the performance-based targets based on exceptional events such as acquisitions, other one-time charges or gains, or unforeseen circumstances that can skew normal operating results. Targets and non-equity incentive compensation are also subject to adjustment to prevent unreasonable results in the strict application of these formulas. Company-Based Performance – GAAP-Based Financial Metrics In determining non-equity incentive compensation the Compensation Committee places significant weight on GAAP-Based Financial Metrics, reflecting its belief that the financial performance is critical to enhancing stockholder value, maintaining long-term growth and remaining competitive, and provides the funding for strategic initiatives and corporate governance goals. Achievement and over-achievement of the financial goals results in incremental increases to the available incentive compensation pool shared by participating senior executives. •Adjusted Operating Income. The Compensation Committee believes this is the most important individual component and aligns the interests of NEOs with those of our stockholders, in addition to building long-term value. Adjusted operating income is defined as operating income adjusted for unusual or nonrecurring items as determined by our Compensation Committee. •Net Sales Performance. The Compensation Committee believes sales performance is key to the Company achieving the scale necessary to remain competitive with larger companies. Sales are defined as sales revenue net of returns on a constant currency basis. Sales are further adjusted for the impact of any acquisition or disposition which is completed during the plan year. Financial targets are set such that only exceptional performance will result in payouts above the target incentive and poor performance will result in diminished or no incentive payment. The financial target performance objectives are set at a level for which there is a reasonably challenged chance of achievement based upon the range of assumptions used to build our annual budget and forecasted performance. The Company did not perform specific analysis on the probability of the achievement of the financial target performance objectives, given that the market is difficult to predict. Rather, we relied upon our experience in setting the goals guided by our objective of setting a reasonably attainable and motivationally meaningful goal. Individual Strategic Objectives Individual strategic objectives for each NEO are tailored to goals identified for the business units each NEO oversees. These strategic objectives are composed of a variety of measurable strategic, financial and operational targets and initiatives including sales growth and margin improvement, cost management, process improvement, corporate development and others, as deemed appropriate by the CEO in consultation with the Compensation Committee and Board. In each case, the selected objectives are considered relevant to the scope of the senior executive’s functional areas of operation and are designed to support the accomplishment of the Company-based performance metrics and to incentivize management to accomplish the business’s strategic plan. In most cases, achievement is measured objectively, and in some cases, is assessed subjectively by the Compensation Committee and Board if a specific quantitative measurement is not available. The individual strategic objectives have a maximum payment of 110% for overachievement. CEO Annual Non-Equity and Bonus Incentive Compensation Pursuant to Ms. Chaibi’s employment agreement, her annual non-equity incentive compensation is based on Company performance objectives, with the applicable performance metrics and weightings determined by the Compensation Committee. Although the employment agreement provides that, for the initial year of employment, the annual incentive opportunity would include a combination of financial and other performance metrics, for 2025 the Compensation Committee determined that her target non-equity incentive compensation would be based entirely on the GAAP-Based Financial Metrics described above, with 70% based on Adjusted Operating Income and 30% based on Net Sales. This approach aligns her incentive compensation directly with Company financial performance and stockholder value. Mr. Richard B. Leeds does not participate in any non-equity incentive compensation. However, on August 7, 2025, the Board, upon the recommendation of the Compensation Committee, awarded a one-time special cash bonus of $1,000,000 (the “Bonus”) to Mr. Richard B. Leeds, the Company's former Interim Chief Executive Officer, which was paid on or about August 15, 2025. The Bonus was awarded in recognition of Mr. Leeds’ leadership and service as the Company’s Interim Chief Executive Officer from August 9, 2024 until February 17, 2025. Mr. Leeds did not previously receive any supplemental compensation in respect of his service as Interim Chief Executive Officer. 2025 Scorecard For 2025, the Board set the following non-equity incentive compensation target amounts, non-equity incentive compensation maximum payout percentages and relative percentage weights for each component of the non-equity incentive compensation for each of our NEOs (excluding Mr. Richard B. Leeds, who does not participate in any non-equity incentive compensation or equity awards).

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    | Name | Adjusted Operating Income (%) | | Net Sales Performance (%) | | Individual Objectives (%) | Weighted Average Eligible Non-Equity Incentive Compensation (%) | | | Actual | Payout Ratio | Actual | Payout Ratio | Actual | | | Anesa T. Chaibi | 116 | 137.5 | 99 | 97.5 | N/A | 126 | | Thomas Clark | 116 | 137.5 | 99 | 97.5 | 100 | 116 | | Claudia Hughes | 116 | 137.5 | 99 | 97.5 | 100 | 116 | | Manoj Shetty | 116 | 137.5 | 99 | 97.5 | 100 | 116 | | Adina Storch | 116 | 137.5 | 99 | 97.5 | 100 | 116 |

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    Long-Term Equity Awards Equity-based compensation provides an incentive for NEOs to manage the Company with a view to achieve results, which would increase our stock price over the long-term and, therefore, the return to our stockholders. Basic Features and Types of Awards. In March 2020, our Board adopted the Global Industrial Company 2020 Omnibus Long-Term Incentive Plan (the “Equity Plan”), which was approved by our stockholders in June 2020. The equity grants made in 2025 were made under the Equity Plan. The Equity Plan is intended to help us (i) attract and retain exceptional directors, including independent directors, executive personnel and other key employees, including consultants and advisors to the Company and its affiliates; (ii) motivate such award recipients by means of performance-related incentives to achieve long-range performance goals; iii) enable such recipients to participate in the long-term growth and financial success of the Company; and (iv) help encourage retention. The Equity Plan provides for the granting of various equity- or cash-based awards, subject to certain limits including a maximum of 1,500,000 shares (or $10,000,000 in the case of cash performance awards) per individual per year. Under the Equity Plan, an aggregate of 7,500,000 shares of common stock were authorized for stock-based awards, of which 6,412,988 shares remained available for future issuance as of the April 9, 2026 record date. Administration of the Equity Plan. The Compensation Committee has the authority to administer, interpret and construe any provision of the Equity Plan and to adopt such rules and regulations for administering the Equity Plan as it deems necessary or appropriate. Further, the Compensation Committee has sole discretion over the terms and conditions of any award, including: •the persons who will receive awards; •the type of awards granted; •the number of shares subject to each award; •exercise price of an award; •expiration dates; •vesting schedules; •distribution and delivery schedules; •forfeiture provisions; •conditions on the achievement of specified performance goals for the granting or vesting of options, restricted stock, restricted stock units or cash awards; and •other material features of awards. Key Features of Annual Long-Term Equity Awards. In 2023, in consultation with our compensation consultant, we adopted several changes to the structure of our annual long-term equity awards. These changes included, among others, changes to the mix of possible equity awards to include time-based restricted stock unit awards, in addition to performance-based restricted stock unit awards and options. Other changes included changing the performance measurement period, elimination of deferred distribution after vesting for our restricted stock unit awards, and imposition of minimum equity holding requirements for certain directors and officers. Mr. Richard B. Leeds does not participate in any equity awards. For more information, see Employment Arrangements with Named Executive Officers on page 43 of this Proxy Statement. Some of the key features adopted by the Compensation Committee in 2023 for the Company's long-term equity awards are as follows: •Target equity incentive compensation. We make annual awards of equity incentive compensation within ranges tiered by position. For 2025, other than as provided in relevant employment agreements and with respect to Mr. Richard B. Leeds, target equity incentive awards were awarded in the form of 50% performance-based restricted stock units, and 50% time-based restricted stock units (number of shares based on relative fair market value as of the grant date). •Vesting of performance-based restricted stock units. Starting in 2023, we have provided that performance-based restricted stock unit awards will cliff-vest at the conclusion of a three-year performance period based upon three-year achievement of cumulative adjusted operating income results (e.g., performance-based restricted stock units granted in 2023 will cliff vest at the conclusion of December 31, 2025), subject to continuous service with Global Industrial. •Vesting of time-based restricted stock units and stock options. Generally the time-based restricted stock units and stock options vest ratably over four years with 25% vesting on each anniversary of the grant date, subject to continuous service with Global Industrial. Components of Current Equity Awards. Outstanding equity-based awards consist of two distinct types of equity compensation: •either time- or performance-based restricted stock units granted subject to specified vesting conditions (and, additionally, for performance awards granted in 2020 through 2022, subject to deferred delivery of shares post-vesting); and •non-qualified stock options granted with an exercise price equal to 100% of the stock’s fair market value on the grant date (based on the NYSE closing price of our common stock on that date). Future Equity Awards. Future equity awards under the Equity Plan may be in the form of: •incentive stock options; •non-qualified stock options; •stock appreciation rights; •restricted stock; •restricted stock units; •cash performance awards; or •other stock-based awards. CEO Annual Equity Awards. Ms. Chaibi's annual equity award was determined in accordance with her employment agreement. See Employment Arrangements with Named Executive Officers on page 43 of this Proxy Statement. Mr. Richard B. Leeds does not participate in equity awards. Anti-Hedging and Anti-Pledging Policy The Company does not have a policy regarding the ability of its employees to hedge or pledge Company securities, including with respect to the types of transactions identified in Item 407(i)(1) of Regulation S-K. Clawback Policy The Company's clawback policy adopted in compliance with NYSE listing rules and Section 10D of the Exchange Act provides for recovery of incentive compensation, if any, in excess of what would have been paid to our executive officers in the event the Company is required to prepare an accounting restatement. Stock Ownership Guidelines The Compensation Committee believes that directors and officers should have a clear financial alignment with our stockholders, and for this reason, implemented stock ownership guidelines for certain officers and non-management directors. Unearned performance-based restricted stock units, unvested time-based restricted stock units and unvested restricted stock do not count towards ownership of our common stock under the guidelines. For the CEO, the multiple is three times base salary, while for the other executive officers, the multiple is one times base salary, and for the non-management directors, the multiple is one times the base cash retainer, in each case with a five-year phase-in period. Tax Deductibility of Compensation Section 162(m) of the Internal Revenue Code (the “Code”) limits to $1,000,000 the U.S. federal income tax deductibility of compensation paid in one year to certain of a company's executive officers. Our Compensation Committee will – consistent with its past practice – continue to retain flexibility to design compensation programs that are in the best long-term interests of the Company and our stockholders, with deductibility of compensation being one of a variety of considerations taken into account. Benefits, Perquisites and Other Compensation The Company provides various employee benefit programs to our associates, including executive officers such as: •medical, dental, life and disability insurance benefits; •our 401(k) plan, which includes a company matching contribution; •our Employee Stock Purchase Program which offers employees the ability to purchase shares of our common stock at a discount to market prices on a predefined biannual schedule;

  25. = Chairman

    •automobile allowances and related reimbursements to all executive officers and certain other members of Global Industrial's management team which are not provided to all employees; •severance payments and/or change of control payments pursuant to negotiated employment agreements with the Company (described below); and •paid parental leave for all associates who have worked for the Company for at least twelve months. The Company does not provide any pension benefits or deferred compensation under any defined contribution or other plan on a basis that is not tax-qualified. Other than the Company's 401(k) plan, the Company does not provide retirement benefits. Compensation Committee Report The Compensation Committee has reviewed and discussed the above Compensation Discussion and Analysis with management. Based on its review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in the Proxy Statement and incorporated by reference into our Annual Report on Form 10-K for the year ended December 31, 2025. Submitted by the Compensation Committee of the Board, Gary S. Michel (Chairman)

  26. Robert D. Rosenthal

    | Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($)(1) | Option Awards ($)(2) | Non-Equity Incentive Compensation ($)(3) | All Other Compensation ($) | Total ($) | | Anesa T. Chaibi(4) Chief Executive Officer | 2025 | 826,923 | 500,000(5) | 1,500,023 | 254,311 | 1,255,000 | 77,384(6) | 4,413,641 | | | 2024 | – | – | – | – | – | – | – | | | 2023 | – | – | – | – | – | – | – | | Richard B. Leeds Executive Chairman and Former Interim Chief Executive Officer | 2025 | 950,000 | 1,000,000 | – | – | – | 30,000(7) | 1,980,000 | | | 2024 | 950,000 | – | – | – | – | 30,000 | 980,000 | | | 2023 | 950,000 | – | – | – | – | 30,000 | 980,000 | | Thomas Clark Senior Vice President and Chief Financial Officer | 2025 | 555,124 | – | 555,125 | — | 322,665 | 61,220(8) | 1,494,134 | | | 2024 | 555,124 | – | 983,006 | 138,786 | 175,211 | 43,556 | 1,895,683 | | | 2023 | 536,400 | – | 481,118 | 67,036 | 166,457 | 38,557 | 1,289,568 | | Claudia Hughes Senior Vice President and Chief Sales Officer | 2025 | 467,857 | – | 280,724 | — | 271,942 | 62,050(9) | 1,082,573 | | | 2024 | 467,857 | – | 688,085 | 70,186 | 147,667 | 54,795 | 1,428,590 | | | 2023 | 454,200 | – | 385,329 | 56,765 | 140,970 | 40,821 | 1,078,085 | | Manoj Shetty Senior Vice President and Chief Information Officer | 2025 | 549,202 | – | 329,500 | — | 319,224 | 53,740(10) | 1,251,666 | | | 2024 | 549,202 | – | 807,775 | 82,386 | 173,342 | 38,650 | 1,651,235 | | | 2023 | 535,800 | – | 200,900 | 66,968 | 166,288 | 34,486 | 1,004,442 | | Adina Storch(11) Senior Vice President, General Counsel and Corporate Secretary | 2025 | 511,808 | – | 482,293 | — | 297,488 | 55,142(12) | 1,346,731 | | | 2024 | 511,808 | – | 884,173 | 120,570 | 165,378 | 36,123 | 1,718,052 | | | 2023 | – | – | – | – | – | – | – |

  27. Robert D. Rosenthal

    | 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 Total Shareholder 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 |