Item 5.02   Departure of Directors or Certain Officers; Election of Directors;
            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.

On February 21, 2023, the Board of Directors (the "Board") of Global Industrial Company (the "Company") and the Compensation Committee of the Board approved a $200,000 one-time special award of performance-based restricted stock units ("PRSUs") and a $200,000 one-time special award of stock options to Barry Litwin, Chief Executive Officer, subject in each case to the terms of the Company's 2020 Omnibus Long-Term Incentive Plan (the "LTIP"). The awards to Mr. Litwin consist of 6,899 PRSUs, vesting as determined in accordance with the PRSU grant agreement, and 17,699 stock options, 25% of which vest on each of the first, second, third and fourth anniversary of the grant date, subject to the terms of the stock option grant agreement.

In addition, on February 21, 2023, the Board and the Compensation Committee of the Board approved a $280,000 one-time special award of restricted stock units ("RSUs") to Thomas Clark, Senior Vice President and Chief Financial Officer, subject to the terms of the LTIP. The award to Mr. Clark consists of 9,659 RSUs, 25% of which vest on each of the first, second, third and fourth anniversary of the grant date, subject to the terms of the RSU grant agreement.

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