Global Net Lease (GNL) director takes board retainer in 2,804 stock shares

Rhea-AI Filing Summary

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

Global Net Lease, Inc. director Leslie D. Michelson received 2,804 shares of common stock on April 10, 2026 as a grant under the company’s 2025 Omnibus Incentive Compensation Plan. The shares represent a portion of his annual retainer for Board and committee service, which he elected to take in stock instead of cash. Following this award, he directly owns 113,831 shares of Global Net Lease common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MICHELSON LESLIE D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,804	$9.36	$26K

Holdings After Transaction: Common Stock — 113,831 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 2,804 shares Grant value per share: $9.36 per share Shares owned after transaction: 113,831 shares

3 metrics

Shares granted 2,804 shares Common stock award on April 10, 2026

Grant value per share $9.36 per share Indicated value for the 2,804-share award

Shares owned after transaction 113,831 shares Total direct holdings after the grant

Key Terms

2025 Omnibus Incentive Compensation Plan, annual retainer, Board of Directors, grant, award, or other acquisition

4 terms

2025 Omnibus Incentive Compensation Plan financial

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

annual retainer financial

"representing a portion of the reporting person's annual retainer for service on the Company's Board of Directors"

Board of Directors financial

"annual retainer for service on the Company's Board of Directors and certain of its committees"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

grant, award, or other acquisition financial

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

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^*

MICHELSON LESLIE D

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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	04/10/2026		A		2,804(1)	A	$9.36	113,831	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	04/13/2026
	** 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 did Global Net Lease (GNL) director Leslie D. Michelson report in this Form 4?

Leslie D. Michelson reported receiving 2,804 shares of Global Net Lease common stock. The shares were granted as part of his annual retainer for Board and committee service, under the company’s 2025 Omnibus Incentive Compensation Plan.

How many Global Net Lease (GNL) shares did Leslie D. Michelson receive and at what price?

Leslie D. Michelson received 2,804 shares of Global Net Lease common stock at an indicated value of $9.36 per share. This award reflects compensation for his service on the company’s Board of Directors and certain of its committees.

What is Leslie D. Michelson’s Global Net Lease (GNL) ownership after this transaction?

After the award of 2,804 shares, Leslie D. Michelson directly owns 113,831 shares of Global Net Lease common stock. This total reflects his holdings immediately following the reported grant under the 2025 Omnibus Incentive Compensation Plan.

Was the Global Net Lease (GNL) Form 4 transaction a market purchase or a grant?

The transaction was a grant or award acquisition, not a market purchase. The 2,804 shares were issued under Global Net Lease’s 2025 Omnibus Incentive Compensation Plan as part of Michelson’s annual retainer, which he chose to receive in stock instead of cash.

Why did Leslie D. Michelson receive Global Net Lease (GNL) shares instead of cash?

Leslie D. Michelson elected to receive a portion of his annual retainer for serving on the Board and certain committees in shares of Global Net Lease common stock, rather than cash, pursuant to the company’s 2025 Omnibus Incentive Compensation Plan.