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

Rhea-AI Filing Summary

Jesse C. Galloway, Executive Vice President and General Counsel of Global Net Lease, Inc. (GNL), reported a Form 4 disclosing that on 10/01/2025 14,109 shares of Common Stock were disposed (transaction code F) at a price of $8.19 per share. The filing states these were Restricted Stock Awards (RSAs) withheld to pay taxes on previously vested shares under the company’s Amended and Restated Incentive Restricted Share Plan. After the withholding, the reporting person beneficially owns 240,220 shares, held directly. The Form is signed and dated 10/03/2025.

Positive

• Retention of substantial stake: Reporting person still holds 240,220 shares directly
• Transaction was tax withholding: RSAs were withheld to pay taxes rather than an open-market sale

Negative

• None.

Insights

Equity Compensation Specialist

RSA tax withholding of 14,109 shares at $8.19 reduces the insider's direct holdings to 240,220 shares.

The filing shows a routine tax-withholding event where RSAs previously granted vested and the company retained 14,109 shares to cover tax obligations rather than a market sale by the executive. This is indicated by transaction code F and the explanation referencing the Amended and Restated Incentive Restricted Share Plan.

Because the shares were withheld for taxes and the reporting person continues to hold 240,220 shares directly, this transaction is administrative and not a directional trade signal.

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

1. Name and Address of Reporting Person^*

Galloway Jesse Charles

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		F		14,109(1)	D	$8.19	240,220	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. Represents Restricted Stock Awards ("RSAs") of Global Net Lease, Inc. (the "Registrant") withheld to pay taxes on the vesting of shares previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan of the Registrant.

Remarks:

Executive Vice President and General Counsel

	/s/ Jesse C. Galloway	10/03/2025
	** 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

What did Jesse C. Galloway report on Form 4 for GNL?

He reported withholding 14,109 RSAs on 10/01/2025 to satisfy tax withholding at a price of $8.19 per share.

How many GNL shares does the reporting person own after the transaction?

After the withholding, the reporting person beneficially owns 240,220 shares, held directly.

Why were the shares disposed of according to the filing?

The filing states the shares were withheld to pay taxes on vested Restricted Stock Awards under the company’s incentive plan.

Does the Form 4 indicate a market sale by the executive?

No. The filing uses transaction code F and explains the shares were withheld for taxes, not sold on the open market.

What is the reporting person's role at GNL?

The filing lists the reporting person as Executive Vice President and General Counsel.