4//SEC Filing
Weil Edward M Jr. 4
Accession 0001104659-23-100569
CIK 0001568162other
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 9:57 PM ET
Size
14.0 KB
Accession
0001104659-23-100569
Insider Transaction Report
Form 4
Weil Edward M Jr.
DirectorCEO and President
Transactions
- Disposition to Issuer
Class A Common Stock
2023-09-12−5,569,361→ 0 total(indirect: See Footnote) - Disposition to Issuer
Class A Common Stock
2023-09-12−66,481→ 0 total - Exercise/Conversion
LTIP Units
2023-09-12−5,569,361→ 2,959,524 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (5,569,361 underlying) - Exercise/Conversion
Class A Common Stock
2023-09-11+5,569,361→ 5,569,361 total(indirect: See Footnote) - Disposition to Issuer
LTIP Units
2023-09-12−2,959,524→ 0 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (2,959,524 underlying)
Footnotes (3)
- [F1]Units of limited partnership interest designated as "LTIP Units" ("LTIP Units") in The Necessity Retail REIT Operating Partnership, L.P. (the "OP"), the operating partnership of the Issuer, issued to the Issuer's external advisor The Necessity Retail REIT Advisors, LLC (the "Advisor"), pursuant to the 2018 Advisor Omnibus Incentive Compensation Plan of the Company (the "Advisor Plan"). LTIP Units that are earned also become vested and converted to shares of the Issuer's Class A Common Stock.
- [F2]The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control the Advisor. The Advisor holds the reported securities. The reporting person disclaims beneficial ownership of the securities held by the Advisor except to the extent of his pecuniary interest therein.
- [F3]Disposed of pursuant to merger agreement between the Issuer, Global Net Lease, Inc. ("GNL") and certain other parties, dated May 23, 2023, in exchange for shares of GNL Common Stock, at an exchange ratio of 0.67 per share.
Documents
Issuer
Necessity Retail REIT, Inc.
CIK 0001568162
Entity typeother
Related Parties
1- filerCIK 0001490448
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 9:57 PM ET
- Size
- 14.0 KB