Tax withholding trims Global Net Lease (NYSE: GNL) CFO share stake

Rhea-AI Filing Summary

Global Net Lease, Inc. reported a Form 4 for CFO, Secretary and Treasurer Christopher J. Masterson showing a routine tax-related share disposition. On Restricted Stock Awards vesting, 3,944 shares of Common Stock were withheld by the company at $9.51 per share to cover tax obligations.

After this tax-withholding disposition, Masterson directly holds 310,852 shares of Global Net Lease common stock. The filing characterizes the event as payment of tax liability by delivering securities, rather than an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Masterson Christopher J.

Role CFO, Secretary and Treasurer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,944	$9.51	$38K

Holdings After Transaction: Common Stock — 310,852 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 3,944 shares Withholding price per share: $9.51 per share Shares held after transaction: 310,852 shares +1 more

4 metrics

Shares withheld for taxes 3,944 shares Tax-withholding disposition on RSAs vesting

Withholding price per share $9.51 per share Value used for 3,944-share tax withholding

Shares held after transaction 310,852 shares Direct holdings after tax-withholding disposition

Transaction date 2026-04-25 Date of tax-withholding disposition

Key Terms

Restricted Stock Awards ("RSAs"), tax-withholding disposition, Amended and Restated Incentive Restricted Share Plan, Common Stock, +1 more

5 terms

Restricted Stock Awards ("RSAs") financial

"Represents Restricted Stock Awards ("RSAs") of Global Net Lease, Inc."

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 3,944 shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Amended and Restated Incentive Restricted Share Plan financial

"previously granted to the reporting person under the Amended and Restated Incentive Restricted Share Plan"

Common Stock financial

"security_title: "Common Stock" with 3,944 shares disposed"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

Form 4 Insider Transactions: What Each Field Means →

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^*

Masterson Christopher J.

(Last) (First) (Middle)

C/O GLOBAL NET LEASE, INC.

650 FIFTH AVE., 30TH FLOOR

(Street)

NEW YORK 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO, Secretary and Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/25/2026		F		3,944(1)	D	$9.51	310,852	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.

	/s/ Christopher J. Masterson	04/28/2026
	** 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)

FAQ

What insider transaction did Global Net Lease (GNL) disclose for Christopher J. Masterson?

Global Net Lease disclosed that CFO Christopher J. Masterson had 3,944 shares of Common Stock withheld to pay taxes on vesting Restricted Stock Awards. This was a tax-withholding disposition, not an open-market sale, tied to previously granted equity compensation awards.

How many Global Net Lease (GNL) shares were withheld for taxes in this Form 4?

The Form 4 shows that 3,944 shares of Global Net Lease Common Stock were withheld to satisfy tax obligations on vesting Restricted Stock Awards. The transaction price per share was $9.51, reflecting the value used for this tax-withholding event.

How many Global Net Lease (GNL) shares does Christopher J. Masterson hold after the transaction?

Following the tax-withholding disposition, Christopher J. Masterson directly holds 310,852 shares of Global Net Lease Common Stock. This figure reflects his position after 3,944 shares were withheld to cover taxes on vesting equity awards granted under the company’s incentive plan.

Was the Global Net Lease (GNL) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 classifies it as a tax-withholding disposition, where 3,944 shares were withheld by Global Net Lease to pay taxes on vesting Restricted Stock Awards previously granted to Christopher J. Masterson.

What type of equity awards are involved in the Global Net Lease (GNL) Form 4 filing?

The filing involves Restricted Stock Awards (RSAs) of Global Net Lease. Shares were previously granted to Christopher J. Masterson under the Amended and Restated Incentive Restricted Share Plan and, upon vesting, 3,944 shares were withheld to satisfy related tax liabilities.