MICHELSON LESLIE D 4

What Happened
Leslie D. Michelson, a director of Global Net Lease, Inc. (GNL), was issued 2,804 shares of common stock on April 10, 2026. The shares were granted at an effective price of $9.36 per share, for a total value of approximately $26,245. This was an award/acquisition (code A) representing part of his annual board retainer elected to be received in stock rather than cash — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-10; Filing date (Form 4): 2026-04-13 (appears timely).
• Shares issued: 2,804 at $9.36 per share; total value ≈ $26,245.
• Transaction type: Award/other acquisition (A) — issuance under the company’s equity plan.
• Footnote: Issued pursuant to Global Net Lease’s 2025 Omnibus Incentive Compensation Plan as a portion of the reporting person’s annual retainer elected in stock (see footnote F1).
• Shares owned following the transaction: not specified in the provided filing excerpt.

Context
This issuance is a routine equity retainer conversion (director compensation) and does not indicate a market purchase or sale. Such awards are common for board members who elect to receive compensation in company stock; they are not necessarily a signal of insider trading intent.