[Form 4] Global Net Lease, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Global Net Lease, Inc. (GNL) – Form 4 filing (07/03/2025)

Director Michael J. U. Monahan acquired 3,808 shares of GNL common stock on 07/01/2025 at an implied value of $7.55 per share. The shares were issued under the company’s 2025 Omnibus Incentive Compensation Plan as payment for a portion of the director’s annual board retainer, elected in stock rather than cash. Following the transaction, Monahan’s direct ownership increased to 38,811 shares. No derivative securities or dispositions were reported.

The transaction is classified as an “A” (acquisition) and was not executed under a Rule 10b5-1 plan. Because the shares stem from routine director compensation rather than an open-market purchase, the filing signals limited incremental insider conviction but marginally improves management-shareholder alignment.

Positive

• Director opted for equity compensation, modestly enhancing alignment with common shareholders.
• Increase in insider ownership to 38,811 shares demonstrates continued stake in the company.

Negative

• Transaction is routine compensation, not an open-market purchase, so it carries limited predictive value.
• Small share amount (<0.01% of float), rendering the financial impact immaterial.

Insights

Financial Analyst

TL;DR: Small, routine stock-based retainer; mildly positive alignment, immaterial to valuation.

The acquisition represents roughly $29k in value (3,808 × $7.55), <0.01% of GNL’s ~215 million outstanding shares. Because it is elective compensation rather than an open-market buy, it does not strongly indicate insider optimism about near-term fundamentals. Nevertheless, opting for equity over cash modestly tightens director-shareholder alignment and avoids cash outflow. From a valuation or liquidity standpoint, the impact is de minimis; investors should weigh this alongside broader insider trading trends and upcoming earnings catalysts.

Corporate Governance Expert

TL;DR: Governance-friendly gesture; signals commitment but low materiality.

Board members who receive fees in equity instead of cash typically exhibit stronger commitment to shareholder value. Monahan’s election under the 2025 Omnibus Incentive Plan aligns with best-practice governance frameworks that encourage skin-in-the-game. However, the 3,808-share allotment is modest and scheduled, limiting its signaling power. No red flags emerge; disclosure complies with Section 16 filing timelines.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Monahan Michael J. U.

(Last) (First) (Middle)

C/O GLOBAL NET LEASE, INC.

650 FIFTH AVE., 30TH FLOOR

(Street)

NEW YORK NY 10019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Global Net Lease, Inc. [ GNL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2025		A		3,808(1)	A	$7.55	38,811	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Representing common stock issued pursuant to Global Net Lease, Inc.'s (the "Company") 2025 Omnibus Incentive Compensation Plan, representing a portion of the reporting person's annual retainer for service on the Company's Board of Directors and certain of its committees, which the reporting person elected to receive in shares of the Company's common stock in lieu of cash.

	/s/ Christopher J. Masterson, Attorney-in-Fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many GNL shares did Director Michael J. U. Monahan acquire?

He acquired 3,808 shares of Global Net Lease common stock.

What was the transaction price reported in the Form 4?

The filing lists an implied price of $7.55 per share for the stock-based retainer.

What is Monahan’s total GNL ownership after the transaction?

His direct holdings increased to 38,811 shares.

Was the acquisition an open-market purchase?

No. The shares were issued under the 2025 Omnibus Incentive Compensation Plan in lieu of cash fees.

Does the Form 4 indicate use of a Rule 10b5-1 trading plan?

The box for Rule 10b5-1 was not checked; therefore, the transaction was not executed under such a plan.