Global Ship Lease (NYSE: GSL) CFO reports substantial equity awards

Rhea-AI Filing Summary

Global Ship Lease, Inc. disclosed an initial statement of share ownership for Chief Financial Officer Anastasios Psaropoulos. The filing notes 21,192 Class A Common Shares granted under the company’s 2019 Omnibus Incentive Plan, with 10,596 shares that vested on December 31, 2025 but have not yet been issued and another 10,596 shares scheduled to vest on March 31, 2026.

In addition, the CFO holds unvested awards consisting of 116,558 shares that vest quarterly starting with the quarter ended June 30, 2026, 137,750 shares tied to achieving specified annualized return on equity targets for 2026, 2027 and 2028, and a further 137,750 shares that may vest on December 31, 2028 based on return on equity over a defined multi‑year term.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Psaropoulos Anastasios

Role Chief Financial 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 — 131,275 shares (Direct)

Footnotes (1)

1. Includes 21,192 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 10,596 shares vested on December 31, 2025 and have not yet been issued, and 10,596 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) 116,558 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 137,750 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) 137,750 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

Understanding Insider Trading Forms →

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^*

Psaropoulos Anastasios

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial 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	131,275(1)	D
Class A Common Shares, par value of $0.01 per share	392,058(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 21,192 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 10,596 shares vested on December 31, 2025 and have not yet been issued, and 10,596 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) 116,558 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 137,750 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) 137,750 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.

	/s/ Anastasios Psaropoulos	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 Global Ship Lease (GSL) Form 3 filing show for the CFO?

The Form 3 shows CFO Anastasios Psaropoulos’ initial ownership of Class A Common Shares and multiple time-based and performance-based awards under the 2019 Omnibus Incentive Plan, establishing his equity stake and long-term incentive alignment with Global Ship Lease’s future results.

How many Global Ship Lease shares were granted but not yet issued to the CFO?

The CFO was granted 21,192 Class A Common Shares, of which 10,596 vested on December 31, 2025 but have not yet been issued, and another 10,596 are scheduled to vest on March 31, 2026, reflecting previously awarded equity still moving through the vesting and issuance process.

What time-based vesting awards does GSL’s CFO hold according to the filing?

The filing states that 116,558 Class A Common Shares awarded to the CFO vest quarterly, on a pro rata basis, starting with the quarter ended June 30, 2026, and depend on his continued service, creating an ongoing retention incentive tied to his tenure at Global Ship Lease.

How are Global Ship Lease CFO performance-based share awards structured?

The CFO holds 137,750 shares where roughly one-third may be earned based on specified annualized return on equity targets for 2026, 2027 and 2028, plus another 137,750 shares that may vest on December 31, 2028 based on return on equity over the full multi-year term.

What is the performance measurement period for GSL’s long-term equity awards to the CFO?

The filing describes a 3.25-year term beginning October 1, 2025, during which earned performance-based shares are notionally divided into quarterly installments, with vesting linked to Global Ship Lease’s ability to meet specified return on equity thresholds through December 31, 2028.