STOCK TITAN

[Form 4] Global Net Lease, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 Overview – Global Net Lease (GNL)

Director Leslie D. Michelson reported the acquisition of 4,801 shares of GNL common stock on 07/01/2025. The shares were issued under the company’s 2025 Omnibus Incentive Compensation Plan as part of the director’s annual cash retainer, which Michelson elected to receive in equity. The filing lists an implied grant value of $7.55 per share.

Following the award, Michelson’s direct beneficial ownership increases to 104,278 shares. No derivative securities were involved and no dispositions were reported.

Because the transaction is a routine, in-lieu-of-cash stock grant rather than an open-market purchase, the market impact is expected to be minimal. Nonetheless, the additional equity slightly deepens insider alignment with shareholder interests.

Riepilogo Modulo 4 – Global Net Lease (GNL)

Il direttore Leslie D. Michelson ha comunicato l'acquisto di 4.801 azioni ordinarie di GNL in data 01/07/2025. Le azioni sono state emesse nell'ambito del Piano Omnibus di Incentivazione 2025 della società, come parte del compenso annuale in contanti del direttore, che Michelson ha scelto di ricevere in azioni. La comunicazione indica un valore implicito di concessione di 7,55 $ per azione.

Dopo l'assegnazione, la proprietà beneficiaria diretta di Michelson aumenta a 104.278 azioni. Non sono stati coinvolti titoli derivati né sono state segnalate cessioni.

Poiché la transazione consiste in un'assegnazione di azioni ordinaria in sostituzione del compenso in contanti e non in un acquisto sul mercato aperto, l'impatto sul mercato è previsto minimo. Tuttavia, l'incremento di azioni rafforza leggermente l'allineamento degli insider con gli interessi degli azionisti.

Resumen del Formulario 4 – Global Net Lease (GNL)

El director Leslie D. Michelson informó la adquisición de 4,801 acciones comunes de GNL el 01/07/2025. Las acciones fueron emitidas bajo el Plan de Compensación Incentivada Omnibus 2025 de la compañía como parte de la retención anual en efectivo del director, la cual Michelson eligió recibir en acciones. El reporte indica un valor implícito de concesión de $7.55 por acción.

Tras la adjudicación, la propiedad beneficiaria directa de Michelson aumenta a 104,278 acciones. No se involucraron valores derivados ni se reportaron disposiciones.

Dado que la transacción es una concesión rutinaria de acciones en lugar de efectivo y no una compra en el mercado abierto, se espera que el impacto en el mercado sea mínimo. No obstante, el aumento en acciones refuerza ligeramente la alineación de los directivos con los intereses de los accionistas.

폼 4 개요 – Global Net Lease (GNL)

이사 Leslie D. Michelson2025년 7월 1일에 GNL 보통주 4,801주를 취득했다고 보고했습니다. 이 주식들은 이사의 연간 현금 보수 대신 주식으로 받기로 선택한 부분으로, 회사의 2025년 종합 인센티브 보상 계획에 따라 발행되었습니다. 제출서류에는 주당 7.55달러의 암시적 부여 가치가 명시되어 있습니다.

수여 후 Michelson의 직접 실소유 주식은 104,278주로 증가했습니다. 파생 증권은 포함되지 않았으며, 처분 보고도 없었습니다.

이번 거래는 공개 시장에서의 구매가 아닌 현금 대신 주식으로 지급하는 일상적인 주식 부여이므로 시장에 미치는 영향은 최소할 것으로 예상됩니다. 그럼에도 불구하고 추가된 주식은 내부자와 주주 간의 이해관계 일치를 다소 강화합니다.

Vue d'ensemble du Formulaire 4 – Global Net Lease (GNL)

Le directeur Leslie D. Michelson a déclaré l'acquisition de 4 801 actions ordinaires de GNL le 01/07/2025. Les actions ont été émises dans le cadre du Plan de rémunération incitative omnibus 2025 de la société, faisant partie de la rémunération annuelle en espèces du directeur, que Michelson a choisi de recevoir en actions. Le dépôt indique une valeur implicite d'attribution de 7,55 $ par action.

Après l'attribution, la propriété bénéficiaire directe de Michelson augmente à 104 278 actions. Aucun titre dérivé n'a été impliqué et aucune cession n'a été signalée.

Étant donné qu'il s'agit d'une attribution d'actions de routine en lieu et place d'un paiement en espèces, et non d'un achat sur le marché ouvert, l'impact sur le marché devrait être minime. Néanmoins, cette augmentation de capital renforce légèrement l'alignement des initiés avec les intérêts des actionnaires.

Formular 4 Übersicht – Global Net Lease (GNL)

Direktor Leslie D. Michelson meldete den Erwerb von 4.801 Aktien der GNL-Stammaktien am 01.07.2025. Die Aktien wurden im Rahmen des Omnibus-Anreizvergütungsplans 2025 des Unternehmens ausgegeben, als Teil der jährlichen Barvergütung des Direktors, die Michelson in Form von Aktien erhalten wollte. Die Meldung gibt einen impliziten Zuweisungswert von 7,55 $ pro Aktie an.

Nach der Zuteilung steigt Michelsons direkter wirtschaftlicher Besitz auf 104.278 Aktien. Es waren keine derivativen Wertpapiere beteiligt, und es wurden keine Veräußerungen gemeldet.

Da es sich bei der Transaktion um eine routinemäßige Aktienzuteilung anstelle von Barauszahlung und nicht um einen Kauf am offenen Markt handelt, wird die Marktauswirkung voraussichtlich minimal sein. Dennoch verstärkt die zusätzliche Beteiligung die Übereinstimmung der Insider-Interessen mit denen der Aktionäre leicht.

Positive
  • None.
Negative
  • None.

Insights

TL;DR – Routine board stock grant; negligible market impact.

The 4,801-share award, valued at roughly $36k, represents less than 0.1% of GNL’s outstanding shares and only a 4.8% increase to Michelson’s holdings. It signals continued participation in equity-based compensation but does not reflect a discretionary purchase. Investors should view the filing as neutral; it neither indicates bullish insider sentiment nor raises governance concerns.

TL;DR – Equity retainer modestly boosts board-shareholder alignment.

Paying directors in stock rather than cash is a governance-friendly practice that ties compensation to performance. Although the absolute number of shares is small, Michelson’s election to receive equity aligns with best-practice compensation structures and marginally tightens the board’s financial linkage to shareholder outcomes. No red flags are present.

Riepilogo Modulo 4 – Global Net Lease (GNL)

Il direttore Leslie D. Michelson ha comunicato l'acquisto di 4.801 azioni ordinarie di GNL in data 01/07/2025. Le azioni sono state emesse nell'ambito del Piano Omnibus di Incentivazione 2025 della società, come parte del compenso annuale in contanti del direttore, che Michelson ha scelto di ricevere in azioni. La comunicazione indica un valore implicito di concessione di 7,55 $ per azione.

Dopo l'assegnazione, la proprietà beneficiaria diretta di Michelson aumenta a 104.278 azioni. Non sono stati coinvolti titoli derivati né sono state segnalate cessioni.

Poiché la transazione consiste in un'assegnazione di azioni ordinaria in sostituzione del compenso in contanti e non in un acquisto sul mercato aperto, l'impatto sul mercato è previsto minimo. Tuttavia, l'incremento di azioni rafforza leggermente l'allineamento degli insider con gli interessi degli azionisti.

Resumen del Formulario 4 – Global Net Lease (GNL)

El director Leslie D. Michelson informó la adquisición de 4,801 acciones comunes de GNL el 01/07/2025. Las acciones fueron emitidas bajo el Plan de Compensación Incentivada Omnibus 2025 de la compañía como parte de la retención anual en efectivo del director, la cual Michelson eligió recibir en acciones. El reporte indica un valor implícito de concesión de $7.55 por acción.

Tras la adjudicación, la propiedad beneficiaria directa de Michelson aumenta a 104,278 acciones. No se involucraron valores derivados ni se reportaron disposiciones.

Dado que la transacción es una concesión rutinaria de acciones en lugar de efectivo y no una compra en el mercado abierto, se espera que el impacto en el mercado sea mínimo. No obstante, el aumento en acciones refuerza ligeramente la alineación de los directivos con los intereses de los accionistas.

폼 4 개요 – Global Net Lease (GNL)

이사 Leslie D. Michelson2025년 7월 1일에 GNL 보통주 4,801주를 취득했다고 보고했습니다. 이 주식들은 이사의 연간 현금 보수 대신 주식으로 받기로 선택한 부분으로, 회사의 2025년 종합 인센티브 보상 계획에 따라 발행되었습니다. 제출서류에는 주당 7.55달러의 암시적 부여 가치가 명시되어 있습니다.

수여 후 Michelson의 직접 실소유 주식은 104,278주로 증가했습니다. 파생 증권은 포함되지 않았으며, 처분 보고도 없었습니다.

이번 거래는 공개 시장에서의 구매가 아닌 현금 대신 주식으로 지급하는 일상적인 주식 부여이므로 시장에 미치는 영향은 최소할 것으로 예상됩니다. 그럼에도 불구하고 추가된 주식은 내부자와 주주 간의 이해관계 일치를 다소 강화합니다.

Vue d'ensemble du Formulaire 4 – Global Net Lease (GNL)

Le directeur Leslie D. Michelson a déclaré l'acquisition de 4 801 actions ordinaires de GNL le 01/07/2025. Les actions ont été émises dans le cadre du Plan de rémunération incitative omnibus 2025 de la société, faisant partie de la rémunération annuelle en espèces du directeur, que Michelson a choisi de recevoir en actions. Le dépôt indique une valeur implicite d'attribution de 7,55 $ par action.

Après l'attribution, la propriété bénéficiaire directe de Michelson augmente à 104 278 actions. Aucun titre dérivé n'a été impliqué et aucune cession n'a été signalée.

Étant donné qu'il s'agit d'une attribution d'actions de routine en lieu et place d'un paiement en espèces, et non d'un achat sur le marché ouvert, l'impact sur le marché devrait être minime. Néanmoins, cette augmentation de capital renforce légèrement l'alignement des initiés avec les intérêts des actionnaires.

Formular 4 Übersicht – Global Net Lease (GNL)

Direktor Leslie D. Michelson meldete den Erwerb von 4.801 Aktien der GNL-Stammaktien am 01.07.2025. Die Aktien wurden im Rahmen des Omnibus-Anreizvergütungsplans 2025 des Unternehmens ausgegeben, als Teil der jährlichen Barvergütung des Direktors, die Michelson in Form von Aktien erhalten wollte. Die Meldung gibt einen impliziten Zuweisungswert von 7,55 $ pro Aktie an.

Nach der Zuteilung steigt Michelsons direkter wirtschaftlicher Besitz auf 104.278 Aktien. Es waren keine derivativen Wertpapiere beteiligt, und es wurden keine Veräußerungen gemeldet.

Da es sich bei der Transaktion um eine routinemäßige Aktienzuteilung anstelle von Barauszahlung und nicht um einen Kauf am offenen Markt handelt, wird die Marktauswirkung voraussichtlich minimal sein. Dennoch verstärkt die zusätzliche Beteiligung die Übereinstimmung der Insider-Interessen mit denen der Aktionäre leicht.

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 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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
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 07/01/2025 A 4,801(1) A $7.55 104,278 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 07/03/2025
** 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.
Global Net Lease Inc

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