Monahan Michael J. U. 4

What Happened Michael J. U. Monahan, a director of Global Net Lease, Inc. (GNL), was issued equity awards as compensation. He received 3,536 shares on 2025-10-01 at an effective price of $8.19 per share (value $28,960) and 3,343 shares on 2026-01-01 at $8.60 per share (value $28,750). In total Monahan acquired 6,879 shares with an aggregate value of approximately $57,710. These were awards/compensation (code A), not open-market purchases or sales.

Key Details

• Transaction dates and terms:
  • 2025-10-01: 3,536 shares @ $8.19 — $28,960
  • 2026-01-01: 3,343 shares @ $8.60 — $28,750
• Total shares received: 6,879; total reported value: ~$57,710.
• Shares owned following the transactions: not specified in the filing.
• Footnote: Shares were issued under Global Net Lease’s 2025 Omnibus Incentive Compensation Plan as a portion of Monahan’s annual board retainer, which he elected to receive in stock instead of cash (see footnote F1).
• Filing timeliness: Form 4 was filed on 2026-01-30. The 2026-01-01 award was reported roughly 29 days later and thus appears late relative to the usual two-business-day Form 4 reporting requirement.

Context These grants represent routine director compensation (an election to receive retainer in stock) rather than an open-market purchase or sale. Such awards are common and reflect compensation choices, and do not by themselves indicate the director’s trading strategy or private view of the company’s stock.