Global Net Lease director receives stock grant

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

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 a grant of 1,568 shares of common stock on July 10, 2026 at $9.38 per share. The award represents a portion of his annual retainer under the company’s 2025 Omnibus Incentive Compensation Plan, elected in stock instead of cash. Following this equity grant, he directly holds 129,258 shares of Global Net Lease common stock.

Insider Trade Summary

Grant/Award: 1,568 shares

Grant/Award 1 txn

Insider MICHELSON LESLIE D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,568	$9.38	$15K

Holdings After Transaction: Common Stock — 129,258 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares granted: 1,568 shares Grant price: $9.38 per share Shares owned after: 129,258 shares

3 metrics

Shares granted 1,568 shares Common stock grant to director Leslie D. Michelson on July 10, 2026

Grant price $9.38 per share Value per share for the July 10, 2026 common stock grant

Shares owned after 129,258 shares Direct common stock holdings of Leslie D. Michelson after the reported grant

Key Terms

2025 Omnibus Incentive Compensation Plan, annual retainer, Board of Directors

3 terms

2025 Omnibus Incentive Compensation Plan financial

"common stock issued pursuant to Global Net Lease, Inc.'s 2025 Omnibus Incentive Compensation Plan"

annual retainer financial

"representing a portion of the reporting person's annual retainer for service"

Board of Directors regulatory

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Leslie D. Michelson report for Global Net Lease (GNL)?

Director Leslie D. Michelson reported receiving an equity grant of 1,568 shares of Global Net Lease common stock. The shares were issued as part of his annual retainer and were taken in stock instead of cash under the 2025 Omnibus Incentive Compensation Plan.

How many GNL shares did director Leslie D. Michelson acquire and at what price?

Leslie D. Michelson acquired 1,568 shares of Global Net Lease (GNL) common stock at $9.38 per share. This was a compensation-related grant, not an open-market purchase, and forms part of his annual retainer for board and committee service.

What compensation plan governed the stock grant to Global Net Lease (GNL) director Michelson?

The stock grant was issued under Global Net Lease’s 2025 Omnibus Incentive Compensation Plan. The filing states the shares represent a portion of Michelson’s annual retainer, which he elected to receive in the company’s common stock instead of cash compensation.

How many Global Net Lease (GNL) shares does Leslie D. Michelson own after this grant?

After the reported grant, Leslie D. Michelson directly owns 129,258 shares of Global Net Lease common stock. This figure reflects his total direct holdings immediately following the issuance of the 1,568-share equity award reported in the Form 4.

Was the GNL transaction for Leslie D. Michelson an open-market buy or a compensation grant?

The transaction was a compensation grant, coded as an award acquisition, rather than an open-market buy. The 1,568 shares were issued as part of Michelson’s board retainer under the 2025 Omnibus Incentive Compensation Plan, taken in stock instead of cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/14/2026 - 04:01 PM EDT Learn about SEC filing dates

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)
07/10/2026

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	07/10/2026		A		1,568(1)	A	$9.38	129,258	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	07/14/2026
	** 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)