Global Ship Lease (GSL) CCO details initial equity awards and holdings

Rhea-AI Filing Summary

Global Ship Lease, Inc. filed an initial ownership report for Chief Compliance Officer Georgios Giannopoulos. He holds or has been granted 7,692 Class A Common Shares under the company’s 2019 Omnibus Incentive Plan, with 3,846 shares vested as of December 31, 2025 (not yet issued) and 3,846 scheduled to vest on March 31, 2026.

In addition, he has unvested awards covering 142,308 Class A Common Shares. These include 42,308 shares vesting quarterly starting with the quarter ended June 30, 2026, 50,000 shares tied to specified annualized return-on-equity targets measured as of December 31 of 2026, 2027 and 2028, and 50,000 shares that may vest on December 31, 2028 based on return on equity over the full performance period.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Giannopoulos Georgios

Role Chief Compliance Officer

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 — 150,000 shares (Direct)

Footnotes (2)

1. F1. Includes 7,692 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"), of which 3,846 shares vested on December 31, 2025 and have not yet been issued, and 3,846 shares are scheduled to vest on March 31, 2026.
2. F2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 42,308 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 50,000 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) 50,000 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

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Accepted by SEC EDGAR 03/17/2026 - 04:47 PM Learn about SEC filing dates

FAQ

What does the Form 3 filing by Global Ship Lease (GSL) disclose?

It discloses Chief Compliance Officer Georgios Giannopoulos’s equity position, including 7,692 Class A Common Shares granted and 142,308 unvested share awards under the 2019 Omnibus Incentive Plan, all subject to time-based and performance-based vesting terms.

How many Global Ship Lease (GSL) shares has the CCO been granted?

He has been granted 7,692 Class A Common Shares under the incentive plan. Half vested on December 31, 2025 but remain unissued, and the remaining 3,846 shares are scheduled to vest on March 31, 2026, reflecting time-based compensation awards.

What unvested equity awards does the GSL Chief Compliance Officer hold?

He holds unvested awards for 142,308 Class A Common Shares. These include 42,308 shares vesting quarterly from the quarter ended June 30, 2026, plus two 50,000-share tranches tied to the company’s return-on-equity performance through December 31, 2028.

How are the 50,000-share performance awards at GSL structured?

One 50,000-share award is earned in thirds if specified annualized return-on-equity targets are achieved for 2026, 2027 and 2028, then vests in quarterly installments over a 3.25-year term beginning October 1, 2025, adding long-term performance alignment.

When can the final 50,000 Global Ship Lease (GSL) shares vest?

The final 50,000-share award may vest on December 31, 2028. Vesting depends on Global Ship Lease achieving a specified return on equity over the full 3.25-year performance period that begins on October 1, 2025.

Does the GSL Form 3 show any insider share purchases or sales?

No, it reports holdings and equity awards rather than open-market trades. The entries reflect granted and unvested Class A Common Shares under the 2019 Omnibus Incentive Plan, with no buy or sell transaction codes indicated in the filing data.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Giannopoulos Georgios

(Last) (First) (Middle)

9 IRODOU ATTIKOU STREET

(Street)

KIFISIA, ATHENS J3 14561

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Global Ship Lease, Inc. [ GSL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares, par value of $0.01 per share	7,692(1)	D
Class A Common Shares, par value of $0.01 per share	142,308(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 7,692 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"), of which 3,846 shares vested on December 31, 2025 and have not yet been issued, and 3,846 shares are scheduled to vest on March 31, 2026.

2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 42,308 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 50,000 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) 50,000 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

	/s/ George Giannopoulos	03/17/2026
	** 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 5 (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.
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