Global Net Lease (NYSE: GNL) director granted 13,859 RSUs as equity award

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.

Global Net Lease director Leslie D. Michelson received a stock-based award. On May 21, 2026, he was granted 13,859 restricted stock units under the company’s 2025 Omnibus Incentive Compensation Plan at a reference price of $9.38 per share, bringing his direct holdings to 127,690 shares. These RSUs vest on May 20, 2027, with each unit delivering one share of common stock upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MICHELSON LESLIE D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13,859	$9.38	$130K

Holdings After Transaction: Common Stock — 127,690 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 13,859 units Reference price per share: $9.38/share Holdings after transaction: 127,690 shares +2 more

5 metrics

RSUs granted 13,859 units Restricted stock units awarded May 21, 2026

Reference price per share $9.38/share Reported transaction price for RSU grant

Holdings after transaction 127,690 shares Common stock directly owned following award

Vesting date May 20, 2027 RSUs vest and convert into shares

Transaction code A Grant, award, or other acquisition on Form 4

Key Terms

restricted stock units, RSUs, 2025 Omnibus Incentive Compensation Plan, Form 4, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s 2025 Omnibus Incentive Compensation Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

2025 Omnibus Incentive Compensation Plan financial

"issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2025 Omnibus Incentive Compensation Plan"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Grant, award, or other acquisition regulatory

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 05:49 PM

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^*

MICHELSON LESLIE D

(Last)

(First)

(Middle)

C/O GLOBAL NET LEASE, INC.

650 FIFTH AVE., 30TH FLOOR

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A		13,859⁽¹⁾	A	$9.38	127,690	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents restricted stock units ("RSUs") issued pursuant to Global Net Lease, Inc.'s (the "Registrant") 2025 Omnibus Incentive Compensation Plan that vest on May 20, 2027. Each RSU represents the contingent right to receive one share of the Registrant's common stock upon vesting of the RSU.

	/s/ Christopher J. Masterson, Attorney-in-Fact	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Global Net Lease (GNL) director Leslie D. Michelson report on this Form 4?

Leslie D. Michelson reported receiving 13,859 restricted stock units in Global Net Lease common stock. The grant is a compensation award, not an open-market purchase, and increases his direct holdings to 127,690 shares after the transaction.

Is the Michelson Form 4 transaction in GNL stock a buy or a grant?

The transaction is a grant of restricted stock units, not an open-market buy. It is coded as an acquisition under a compensation plan, meaning the company awarded equity rather than Michelson purchasing shares on the market.

When do Leslie D. Michelson’s new GNL restricted stock units vest?

The 13,859 restricted stock units vest on May 20, 2027. At that vesting date, each RSU converts into one share of Global Net Lease common stock, assuming applicable vesting conditions are satisfied under the incentive plan.

How many Global Net Lease shares does Michelson hold after this Form 4 transaction?

After the grant, Michelson directly holds 127,690 shares of Global Net Lease common stock. This total includes the impact of the 13,859 restricted stock units awarded under the company’s 2025 Omnibus Incentive Compensation Plan.

What plan governs the GNL restricted stock units granted to Leslie D. Michelson?

The restricted stock units were issued under Global Net Lease’s 2025 Omnibus Incentive Compensation Plan. This plan allows the company to grant equity-based awards, such as RSUs, to directors and other eligible participants as part of their compensation.

How many shares does each GNL restricted stock unit represent for Michelson’s award?

Each restricted stock unit represents the right to receive one share of Global Net Lease common stock. Upon vesting on May 20, 2027, every RSU converts into a single share, delivering the underlying equity to Michelson.