GNL CEO Edward Weil reports 48,685 shares withheld for taxes at $8.19

Rhea-AI Filing Summary

Edward M. Weil, Jr., who serves as CEO, President and a Director of Global Net Lease, Inc. (GNL), reported transactions on a Form 4 showing that on 10/01/2025 48,685 shares of common stock were disposed of at $8.19 per share. The filing states these were Restricted Stock Awards (RSAs) withheld to pay taxes on previously granted shares, not an open-market sale. After the reported transaction and a correction reducing a previously overstated amount by 104 shares, the reporting person beneficially owns 535,264 shares. The Form 4 is signed by Mr. Weil on 10/03/2025.

Positive

• 48,685 shares were withheld to pay taxes, indicating a compensation-related transaction rather than an open-market sale
• Form 4 discloses current beneficial ownership of 535,264 shares after correction

Negative

• Report shows a disposition of 48,685 shares, reducing the reporting person's holdings
• Filing corrects an earlier overstatement by 104 shares, indicating a prior reporting error

Insights

Corporate Insider Transactions Analyst

TL;DR: Transaction appears to be tax-withholding of vested RSAs, not an open-market divestiture.

The Form 4 shows 48,685 shares were disposed on 10/01/2025 at $8.19 per share and are described as RSAs withheld to pay taxes. That language indicates the shares were retained by the issuer to satisfy tax withholding obligations tied to vesting, rather than sold into the market.

This distinction matters because withholding typically does not reflect a decision to reduce exposure to the issuer, but it does reduce the reporting person’s beneficial ownership to 535,264 shares after a correction of 104 shares.

Compensation & Governance Specialist

TL;DR: The filing documents routine equity compensation mechanics and a small reporting correction.

The explanatory note states the disposed shares were used to satisfy taxes on vested awards under the company’s Amended and Restated Incentive Restricted Share Plan. This is a standard compensation practice for executives.

The filing also corrects a prior overstatement by 104 shares, which is an administrative adjustment recorded on Form 4; it does not provide any new governance actions or changes to compensation policy.

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).

1. Name and Address of Reporting Person^*

Weil Edward M Jr.

(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
X	Officer (give title below)		Other (specify below)
	CEO, President

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		48,685(1)	D	$8.19	535,264(2)	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.

2. Reflects the reduction of 104 shares of common stock previously reported in Column 5 to correct the inadvertent overstatement in the number of shares beneficially owned by the reporting person.

	/s/ Edward M. Weil, Jr.	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 Edward M. Weil, Jr. report on Form 4 for GNL?

The Form 4 reports a disposition of 48,685 shares on 10/01/2025 at $8.19 per share and a beneficial ownership of 535,264 shares after a 104-share correction.

Was the transaction an open-market sale or something else?

The filing states the shares were Restricted Stock Awards withheld to pay taxes, indicating a tax-withholding on vested awards rather than an open-market sale.

How many shares does Mr. Weil beneficially own after the filing?

Following the reported transactions and correction, Mr. Weil beneficially owns 535,264 shares.

When were the transactions and when was the Form 4 signed?

The transactions occurred on 10/01/2025 and the Form 4 was signed on 10/03/2025.

Why was there a correction in the filing?

The explanatory note states 104 shares were reduced to correct an inadvertent overstatement of previously reported beneficial ownership.