KAUFFMAN ROBERT I 4

What Happened
Robert I. Kauffman, a director of Global Net Lease, Inc. (GNL), received equity awards as payment of his board retainer. He was issued 4,693 shares on 2025-10-01 at a reported per-share value of $8.19 (total $38,436) and 4,215 shares on 2026-01-01 at $8.60 per share (total $36,249). These transactions are reported as awards/grants (code A), not open-market purchases or sales.

Key Details

• Transaction dates and values:
  • 2025-10-01: 4,693 shares @ $8.19 = $38,436
  • 2026-01-01: 4,215 shares @ $8.60 = $36,249
  • Combined: 8,908 shares ≈ $74,685
• Shares owned after the transactions: not specified in the Form 4 provided.
• Footnote: Shares were issued under Global Net Lease’s 2025 Omnibus Incentive Compensation Plan as a portion of Kauffman’s annual board retainer, elected to be received in stock instead of cash (see footnote F1).
• Filing date: Form 4 filed 2026-01-30 (the award dates precede the filing date, so the filing appears to be later than the typical two-business-day reporting window).

Context

• These were compensation awards (retainer paid in stock), a routine form of director compensation; they are not market purchases and do not necessarily signal a personal bullish trade.
• No exercise, sale, 10b5-1 plan, or gift is indicated in the filing; these are straightforward equity grants as compensation.