MICHELSON LESLIE D 4

What Happened

• Leslie D. Michelson, a director of Global Net Lease, received two stock awards (transaction code A) as part of director compensation elected in shares. The awards totaled 6,749 shares valued at about $56,525: 3,697 shares on 2025-10-01 at $8.19/share ($30,278) and 3,052 shares on 2026-01-01 at $8.60/share ($26,247). These were awards/compensation (not open-market purchases or sales).

Key Details

• Transaction dates and prices:
  • 2025-10-01: 3,697 shares @ $8.19 ($30,278)
  • 2026-01-01: 3,052 shares @ $8.60 ($26,247)
• Total shares received: 6,749; total reported value: $56,525.
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares issued under the Company's 2025 Omnibus Incentive Compensation Plan as a portion of the reporting person's annual board retainer elected to be received in stock (footnote F1).
• Filing: Form 4 filed 2026-01-30. Form 4s are generally due within two business days of the transaction, so this filing appears materially later than the transaction dates reported.

Context

• These awards reflect director compensation being paid in equity rather than cash, a routine corporate practice and not a market purchase or sale signal. Such grants are common for board retainers and do not necessarily indicate the director's view on the company’s near-term stock performance.