Global Ship Lease (NYSE: GSL) CEO sells 30,000 shares
Rhea-AI Filing Summary
Global Ship Lease, Inc. (GSL) reported that Chief Executive Officer Thomas Arthur Lister sold 30,000 Class A Common Shares on August 26, 2026 in an open-market or private sale at a price of $44.2613 per share. A related footnote states that his reported holdings include 15,211 vested shares granted under the company’s 2019 Omnibus Incentive Plan that have vested as of June 30, 2026 but have not yet been issued, and that he also holds substantial unvested equity awards subject to time- and performance-based vesting conditions tied to return on equity through December 31, 2028.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 30,000 shares
Net Sell
2 txns
Insider
Lister Thomas Arthur
Role
Chief Executive Officer
Sold
30,000 shs ($1.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Shares, par value of $0.01 per share F1 | 30,000 | $44.2613 | $1.33M |
| 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 — 563,551 shares (Direct)
Footnotes (2)
- F1. Includes 15,211 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 have vested on June 30, 2026 but have not yet been issued.
- F2. Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 152,117 shares which vest quarterly, pro rata, from the quarter ended September 30, 2026 through the quarter ended December 31, 2028, conditioned on the reporting person's continued service, (ii) 197,750 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) 197,750 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
Shares sold: 30,000 Class A Common Shares
Sale price per share: $44.2613 per share
Vested but unissued shares: 15,211 Class A Common Shares
+3 more
6 metrics
Shares sold
30,000 Class A Common Shares
Sale by CEO Thomas Arthur Lister on August 26, 2026
Sale price per share
$44.2613 per share
Price for 30,000 Class A Common Shares sold on August 26, 2026
Vested but unissued shares
15,211 Class A Common Shares
Vested June 30, 2026 under 2019 Omnibus Incentive Plan, not yet issued
Time-vesting unvested awards
152,117 Class A Common Shares
Vest quarterly, pro rata, from Q3 2026 through Q4 2028, subject to continued service
Performance-based ROE awards (annualized)
197,750 Class A Common Shares
Earned based on specified annualized return on equity for 2026, 2027 and 2028
Performance-based ROE awards (full term)
197,750 Class A Common Shares
Vest at December 31, 2028 based on return on equity over the full term
Key Terms
2019 Omnibus Incentive Plan, annualized return on equity, vest, notionally divided, +1 more
5 terms
2019 Omnibus Incentive Plan financial
"granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan"
annualized return on equity financial
"earned upon the Issuer's 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.
vest financial
"have vested on June 30, 2026 but have not yet been issued"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
notionally divided financial
"after which, such earned shares are notionally divided into a number"
quarterly, pro rata financial
"152,117 shares which vest quarterly, pro rata, from the quarter ended"
FAQ
What insider transaction did GSL report for CEO Thomas Arthur Lister?
Global Ship Lease, Inc. reported that CEO Thomas Arthur Lister sold 30,000 Class A Common Shares on August 26, 2026 in a sale classified as an open-market or private transaction.
Was the August 26, 2026 GSL insider sale under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, so the reported sale of 30,000 shares by GSL’s CEO on August 26, 2026 is not disclosed as being made under a Rule 10b5-1 trading plan.
What unvested equity awards in GSL does the CEO hold under the Plan?
The CEO holds unvested awards totaling 152,117 shares vesting quarterly through December 31, 2028, plus 197,750 shares tied to annualized return on equity for 2026–2028, and another 197,750 shares vesting at December 31, 2028 based on return on equity over the full term.
AI-generated analysis. How Rhea-AI works. Not financial advice.
