Global Ship Lease compliance chief sells 7,692 shares
Global Ship Lease, Inc. Chief Compliance Officer Georgios Giannopoulos sold 7,692 Class A Common Shares on October 13, 2026, at a weighted average price of $45.0767 per share across multiple transactions ranging from $44.89 to $45.23.
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Form Type
4
Rhea-AI Filing Summary
Global Ship Lease, Inc. Chief Compliance Officer Georgios Giannopoulos sold 7,692 Class A Common Shares on October 13, 2026, at a weighted average price of $45.0767 per share across multiple transactions ranging from $44.89 to $45.23. No Rule 10b5-1 plan is reported. A separate holding entry lists unvested awards, including 34,616 shares scheduled to vest quarterly from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on continued service.
Insider Trade Summary
Net Seller: 7,692 shares
Net Sell
2 txns
Insider
Giannopoulos Georgios
Role
Chief Compliance Officer
Sold
7,692 shs ($347K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares, par value of $0.01 per share F1 | 7,692 | $45.0767 | $347K |
| holding | Class A Common Shares, par value of $0.01 per share F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares, par value of $0.01 per share — 134,616 shares (Direct)
Footnotes (2)
- F1. The price reported represents the weighted average price of Class A Common Shares of Global Ship Lease, Inc. (the "Issuer") sold in multiple transactions at prices ranging from $44.89 to $45.23 per share. The reporting person will provide to the Issuer, or the U.S. Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- F2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated, consisting of (i) 34,616 shares which vest quarterly, pro rata, from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on the reporting person's continued service, (ii) 50,000 shares, of which approximately 1/3 are earned upon the Issuer'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 Issuer's achievement of a specified return on equity over the full Term.
Key Figures
Class A Common Shares sold: 7,692 shares
Weighted average sale price: $45.0767 per share
Transaction price range: $44.89–$45.23 per share
+3 more
6 metrics
Class A Common Shares sold
7,692 shares
Transaction on October 13, 2026
Weighted average sale price
$45.0767 per share
Multiple transactions on October 13, 2026
Transaction price range
$44.89–$45.23 per share
Prices for the multiple transactions
Quarterly vesting awards
34,616 shares
Vesting from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on continued service
Annualized return-on-equity awards
50,000 shares
Approximately one-third earned upon specified annualized return-on-equity results measured as of December 31 in 2026, 2027 and 2028
Term-end return-on-equity awards
50,000 shares
Vesting on December 31, 2028 based on specified return on equity over the full Term
Key Terms
weighted average price, pro rata, annualized return on equity, 2019 Omnibus Incentive Plan
4 terms
weighted average price financial
"The price reported represents the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pro rata financial
"34,616 shares which vest quarterly, pro rata"
Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.
annualized return on equity financial
"achievement of a specified annualized return on equity"
Annualized return on equity measures how much profit a company generates each year for every dollar investors have left in the business after liabilities are subtracted. Think of shareholder equity as seeds you plant and annualized ROE as the yearly harvest rate—higher values mean the company is generally better at turning investor money into profit, and annualizing lets investors compare performance on a common yearly basis.
2019 Omnibus Incentive Plan financial
"pursuant to the Issuer's 2019 Omnibus Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What unvested awards were listed for GSL's Georgios Giannopoulos?
The listed unvested awards include 34,616 shares vesting quarterly, pro rata, from the quarter ended December 31, 2026 through the quarter ended December 31, 2028, conditioned on continued service. Another 50,000 shares are tied to specified annualized return-on-equity targets measured as of December 31 in 2026, 2027 and 2028, with earned shares notionally divided into quarterly installments within the 3.25-year period beginning October 1, 2025. A further 50,000 shares vest on December 31, 2028 based on return on equity over that full period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
