Director Michael Chalkias reports equity awards at Global Ship Lease (GSL)

Rhea-AI Filing Summary

Global Ship Lease, Inc. director Michael Chalkias filed an initial statement of beneficial ownership for Class A common shares. The filing notes 577 shares granted under the 2019 Omnibus Incentive Plan that are scheduled to vest on March 31, 2026. It also describes additional unvested awards: 6,346 shares vesting quarterly from the quarter ended June 30, 2026, plus 7,500 shares tied to specified annualized return on equity targets for 2026–2028 and another 7,500 shares linked to return on equity over a term ending December 31, 2028.

Insights

Equity compensation and governance analyst

Routine Form 3 showing director equity awards and future vesting.

This filing shows director Michael Chalkias reporting his beneficial ownership in Global Ship Lease, Inc. Class A common shares. It is an initial ownership statement, not a record of new market purchases or sales.

The footnotes outline equity awards under the 2019 Omnibus Incentive Plan. These include time-based vesting shares and performance-based awards tied to specified return on equity targets through 2028. Actual vesting depends on continued service and achievement of these performance conditions.

The content is primarily administrative, documenting compensation structure and potential future share vesting. It does not indicate any buy or sell decisions and, by itself, would typically be viewed as neutral for investors.

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

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1. Name and Address of Reporting Person^*

Chalkias Michael

(Last) (First) (Middle)

4, POSSIDONOS AVENUE

(Street)

KALLITHEA, ATHENS J3 176 74

(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)

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

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	15,817(1)	D
Class A Common Shares, par value of $0.01 per share	21,346(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 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.

2. 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.

	/s/ Michael Chalkias	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.
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 Michael Chalkias?

The Form 3 shows director Michael Chalkias’ initial beneficial ownership of Global Ship Lease Class A common shares, including granted and unvested awards under the 2019 Omnibus Incentive Plan with various service- and performance-based vesting conditions extending through December 31, 2028.

Are there any stock purchases or sales reported in the GSL Form 3 for Michael Chalkias?

No open-market stock purchases or sales are reported. The filing is an initial ownership statement, listing existing and unvested equity awards rather than new buy or sell transactions, so it primarily clarifies Chalkias’ current and potential future holdings in Global Ship Lease.

What time-based equity awards does Michael Chalkias hold in Global Ship Lease (GSL)?

Chalkias holds 577 Class A common shares scheduled to vest on March 31, 2026, plus 6,346 unvested shares that vest quarterly, pro rata, beginning with the quarter ended June 30, 2026, conditioned on his continued service with Global Ship Lease, Inc.

What performance-based Global Ship Lease (GSL) awards are disclosed for Michael Chalkias?

The filing discloses 7,500 shares tied to specified annualized return on equity measured as of December 31, 2026, 2027 and 2028, and an additional 7,500 shares vesting at December 31, 2028 based on return on equity over a defined term starting October 1, 2025.

How long do Michael Chalkias’s Global Ship Lease (GSL) equity awards extend?

Vesting milestones extend through December 31, 2028. Some shares vest quarterly starting with the quarter ended June 30, 2026, while other awards depend on Global Ship Lease achieving specified return on equity targets measured in 2026, 2027, 2028, and over the full term to 2028.