Global Net Lease (GNL) CEO ends Bellevue ties, to receive 2.17M shares

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Global Net Lease, Inc. reports that, effective July 2, 2026, Chief Executive Officer and President Edward M. Weil, Jr. entered into a separation agreement with Bellevue Capital Partners LLC, parent of the company’s former advisor and property manager, and its affiliates. Mr. Weil and Bellevue agreed that Bellevue will redeem his non-controlling passive membership interest, after which he will no longer be associated with Bellevue or its subsidiaries. In connection with this redemption, Mr. Weil is to receive 2,169,000 shares of GNL common stock on or before January 8, 2027, or within two business days after Bellevue ceases to hold at least 5,000,000 shares of GNL common stock, subject to conditions in the agreement.

Insights

CEO cuts ties with former external manager and is allocated 2.17M GNL shares.

The disclosure describes Edward M. Weil, Jr. fully separating his ownership and positional ties from Bellevue Capital Partners LLC, the parent of the company’s former advisor and property manager. This reduces overlap between the REIT’s chief executive and a key former affiliated service provider.

The agreement provides that Weil will receive 2,169,000 GNL common shares tied to the redemption of his non-controlling passive membership interest, with delivery by January 8, 2027 or shortly after Bellevue’s GNL holdings fall below 5,000,000 shares. The timing and conditions could affect when those shares enter Weil’s direct ownership, which may influence future ownership disclosures.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Shares of GNL common stock to be received: 2,169,000 shares Bellevue GNL holding threshold: 5,000,000 shares Effective date of separation agreement: July 2, 2026 +1 more

4 metrics

Shares of GNL common stock to be received 2,169,000 shares Consideration to Edward M. Weil, Jr. in connection with Bellevue’s redemption of his membership interest

Bellevue GNL holding threshold 5,000,000 shares Trigger for alternative timing of share delivery to Edward M. Weil, Jr.

Effective date of separation agreement July 2, 2026 Date on which Edward M. Weil, Jr. and Bellevue entered the separation agreement

Outside delivery date for shares January 8, 2027 Latest stated date for delivery of 2,169,000 GNL shares, subject to conditions

Key Terms

Regulation FD, separation agreement, non-controlling passive membership interest, Cumulative Redeemable Preferred Stock, +1 more

5 terms

Regulation FD regulatory

"Item 7.01 Regulation FD Disclosure. Effective July 2, 2026, Edward M."

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

separation agreement regulatory

"entered into a separation agreement with Bellevue Capital Partners LLC"

A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.

non-controlling passive membership interest financial

"Bellevue shall redeem Mr. Weil’s non-controlling passive membership interest in Bellevue"

Cumulative Redeemable Preferred Stock financial

"7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value"

Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.

Emerging growth company regulatory

"Emerging growth company Item 7.01 Regulation FD Disclosure."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

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Understanding 8-K Material Events →

Available on EDGAR 07/10/2026 - 06:04 AM Accepted by SEC EDGAR 07/10/2026 - 06:02 AM

FAQ

What governance change did Global Net Lease (GNL) disclose regarding its CEO and Bellevue?

Global Net Lease disclosed that CEO Edward M. Weil, Jr. entered a separation agreement with Bellevue Capital Partners LLC. Bellevue will redeem his non-controlling passive membership interest, and he will no longer be associated with Bellevue or its subsidiaries.

How many GNL shares will Edward M. Weil, Jr. receive under the Bellevue separation agreement?

Edward M. Weil, Jr. is to receive 2,169,000 shares of GNL common stock. These shares are consideration in connection with Bellevue’s redemption of his non-controlling passive membership interest, subject to conditions in the separation agreement.

When is Edward M. Weil, Jr. scheduled to receive the 2,169,000 GNL common shares?

He is scheduled to receive the shares on or before January 8, 2027, subject to conditions. Alternatively, delivery will occur within two business days after Bellevue no longer holds at least 5,000,000 GNL shares.

Does the agreement change Edward M. Weil, Jr.’s role at Global Net Lease (GNL)?

The disclosure identifies Weil as CEO, President and a director of Global Net Lease. The described separation agreement concerns his ownership and association with Bellevue, not his stated positions at Global Net Lease.

What ownership threshold for GNL shares is referenced for Bellevue in the agreement?

The agreement references Bellevue holding at least 5,000,000 shares of GNL common stock. Weil’s receipt of 2,169,000 shares may occur within two business days after Bellevue’s holdings fall below this level.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 10, 2026

Global Net Lease, Inc.

(Exact name of registrant as specified in its charter)

Maryland		001-37390		45-2771978
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

650 Fifth Avenue, 30th Floor
New York, New York		10019
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (332) 265-2020

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	GNL	New York Stock Exchange
7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share	GNL PR A	New York Stock Exchange
6.875% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share	GNL PR B	New York Stock Exchange
7.50% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share	GNL PR D	New York Stock Exchange
7.375% Series E Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share	GNL PR E	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure.

Effective July 2, 2026, Edward M. Weil, Jr., the Chief Executive Officer and President of Global Net Lease, Inc. (the “Company”), and a member of its Board of Directors, entered into a separation agreement with Bellevue Capital Partners LLC, the parent company of the Company’s former advisor and property manager and certain of Bellevue’s affiliates and their respective direct and indirect subsidiaries (collectively, “Bellevue”), pursuant to which, among other things, Mr. Weil and Bellevue mutually agreed that Bellevue shall redeem Mr. Weil’s non-controlling passive membership interest in Bellevue, and that Mr. Weil shall no longer be associated with, or hold any position in, Bellevue or any of its direct or indirect subsidiaries. In connection with the redemption of membership interests in Bellevue, Mr. Weil shall receive, among other things, 2,169,000 shares of the Company’s common stock (“GNL Common Stock”), on the earlier to occur of (i) January 8, 2027 or (ii) no later than two (2) business days after such date that Bellevue no longer holds at least 5,000,000 shares of GNL Common Stock, subject to certain conditions set forth in such separation agreement.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GLOBAL NET LEASE, INC.

Date: July 10, 2026	By:	/s/ Edward M. Weil, Jr.
	Name:	Edward M. Weil, Jr.
	Title:	Chief Executive Officer and President (Principal Executive Officer)

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Global Net Lease (GNL) CEO ends Bellevue ties, to receive 2.17M shares

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