GNL Director Robert Kauffman Acquires 4,605 Shares at $7.55 – Form 4

Rhea-AI Filing Summary

Global Net Lease, Inc. (GNL) – Form 4 insider activity

Director Robert I. Kauffman elected to receive a portion of his 2025 board retainer in equity, resulting in the issuance of 4,605 common shares on 07/01/2025 under the company’s 2025 Omnibus Incentive Compensation Plan. The shares are recorded at an implied price of $7.55, valuing the grant at roughly $34.8 thousand. Post-transaction, Kauffman’s direct ownership rises to 39,608 shares, an increase of about 13% versus his prior stake.

Because the shares were granted, not open-market purchases, the signaling value is modest; however, it still tightens alignment between the director and shareholders and marginally increases insider ownership.

Positive

• Director increases ownership: Robert I. Kauffman’s stake grows by 4,605 shares, enhancing insider alignment.

Negative

• Limited signaling value: shares were granted as compensation, not purchased in the open market, and the dollar value (~$35k) is immaterial to GNL’s market cap.

Insights

Securities Analyst

TL;DR: Small, compensation-driven insider buy offers mild alignment; limited market impact.

The 4,605-share grant to Director Robert Kauffman adds roughly $35k to his holdings, lifting his direct stake to 39,608 shares. While any increase in insider ownership is directionally positive, the transaction stems from an equity retainer election rather than discretionary open-market buying, which tempers its signaling strength. For investors, it is a routine governance disclosure with negligible effect on valuation or liquidity. Overall impact: neutral.

Insider Trade Summary

Grant/Award: 4,605 shares

Grant/Award 1 txn

Insider KAUFFMAN ROBERT I

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,605	$7.55	$35K

Holdings After Transaction: Common Stock — 39,608 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

How many GNL shares did Robert I. Kauffman acquire?

He acquired 4,605 shares of Global Net Lease common stock.

What was the implied price per share in the Form 4 filing?

The filing lists an implied price of $7.55 per share.

What is Kauffman's total GNL ownership after the transaction?

After the grant, he directly owns 39,608 shares.

Was the acquisition an open-market purchase?

No. The shares were issued under GNL’s 2025 Omnibus Incentive Compensation Plan as part of his board retainer.

When was the Form 4 transaction date and filing date?

Transaction date: 07/01/2025; the Form 4 was filed on 07/03/2025.

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Accepted by SEC EDGAR 07/03/2025 - 08:34 PM Learn about SEC filing dates

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^*

KAUFFMAN ROBERT I

(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		4,605(1)	A	$7.55	39,608	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.
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