Global Ship Lease (NYSE: GSL) chair details sizable equity awards

Rhea-AI Filing Summary

Global Ship Lease, Inc. filed an initial ownership report for Executive Chairman Georgios Giouroukos, detailing his holdings of Class A common shares. He indirectly holds 2,802,824 shares through Shipping Participations Inc. He has 45,576 time-based share awards under the 2019 Omnibus Incentive Plan, with 22,788 shares vested on December 31, 2025 and 22,788 scheduled to vest on March 31, 2026. He also holds 843,174 unvested awards that may vest over time based on continued service and the company’s achievement of specified return-on-equity performance targets through December 31, 2028.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Giouroukos Georgios

Role Executive Chairman

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	--	--	--
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 — 2,802,824 shares (Indirect, By Shipping Participations Inc.); Class A Common Shares, par value of $0.01 per share — 45,576 shares (Direct)

Footnotes (1)

1. Includes 45,576 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 22,788 shares vested on December 31, 2025 and have not yet been issued, and 22,788 shares 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) 250,674 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 296,250 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) 296,250 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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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^*

Giouroukos 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)
03/16/2026

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

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	2,802,824	I	By Shipping Participations Inc.
Class A Common Shares, par value of $0.01 per share	45,576(1)	D
Class A Common Shares, par value of $0.01 per share	843,174(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 45,576 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 22,788 shares vested on December 31, 2025 and have not yet been issued, and 22,788 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) 250,674 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 296,250 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) 296,250 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

	/s/ Georgios Giouroukos	03/16/2026
	** 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.
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.

FAQ

What does the Form 3 filing for Global Ship Lease (GSL) show?

The Form 3 shows Executive Chairman Georgios Giouroukos’ initial beneficial ownership in Global Ship Lease Class A common shares, including indirect holdings and equity awards granted under the company’s 2019 Omnibus Incentive Plan, with detailed vesting and performance conditions.

How many Global Ship Lease (GSL) shares does Georgios Giouroukos indirectly hold?

He indirectly holds 2,802,824 Class A common shares through Shipping Participations Inc. This reflects a significant indirect stake in Global Ship Lease, separate from his time-based and performance-based equity awards granted under the company’s incentive plan.

What time-based share awards does the GSL Executive Chairman hold?

He has 45,576 Class A common share awards, with 22,788 shares that vested on December 31, 2025 and not yet issued, and 22,788 additional shares scheduled to vest on March 31, 2026, all granted under the 2019 Omnibus Incentive Plan.

What performance-based equity awards does GSL’s Executive Chairman have?

He holds 843,174 unvested awards that may vest over time. Portions vest quarterly from June 30, 2026 with continued service, while other tranches depend on Global Ship Lease achieving specified return-on-equity targets through December 31, 2028.

Are any Global Ship Lease (GSL) shares in this Form 3 linked to an incentive plan?

Yes. The 45,576 time-based awards and 843,174 unvested performance-related awards were granted under Global Ship Lease’s 2019 Omnibus Incentive Plan, as amended and restated, and are subject to vesting schedules and performance conditions.