Global Ship Lease (GSL) director details equity share grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Global Ship Lease, Inc. director Alain Gaston Frederic Pitner filed an initial ownership report for Class A common shares. The filing notes 577 Class A shares granted under the 2019 Omnibus Incentive Plan scheduled to vest on March 31, 2026. It also discloses additional unvested awards of 6,346, 7,500, and 7,500 shares, which vest over time and are subject to continued service and specified return-on-equity performance conditions through December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pitner Alain Gaston Frederic
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Shares, par value of $0.01 per share | -- | -- | -- |
| holding | Class A Common Shares, par value of $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares, par value of $0.01 per share — 15,817 shares (Direct)
Footnotes (1)
- Includes 577 Class A Common Shares of Global Ship Lease, Inc. (the "Issuer") granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated (the "Plan"), that are scheduled to vest on March 31, 2026. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 6,346 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 7,500 shares, of which approximately 1/3 are earned upon the Company's achievement of a specified annualized return on equity that is measured as of December 31 of 2026, 2027 and 2028, respectively, after which, such earned shares are notionally divided into a number of quarterly installments within the 3.25 year period beginning October 1, 2025 (the "Term") and are eligible to vest on this basis, and (iii) 7,500 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.