GNL COO has shares withheld for tax on vesting
Global Net Lease, Inc. Chief Operating Officer Ori Kravel reported a routine tax-related share disposition.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Global Net Lease, Inc. Chief Operating Officer Ori Kravel reported a routine tax-related share disposition. On the vesting of previously granted Restricted Stock Awards, 3,055 shares of common stock were withheld at $9.51 per share to cover tax obligations under the company’s incentive restricted share plan.
These withheld shares were not sold in the open market but used to pay taxes tied to equity compensation. Following this administrative transaction, Kravel directly holds 250,892 shares of Global Net Lease common stock, indicating the disposition represents a small portion of his overall position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,055 | $9.51 | $29K |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
Restricted Stock Awards financial
tax-withholding disposition financial
FAQ
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What insider transaction did GNL COO Ori Kravel report on this Form 4?
What equity plan is referenced in Ori Kravel’s GNL Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.