Antone M. Therese 4
Research Summary
AI-generated summary
Global Net Lease (GNL) Director Antone M. Therese Receives Award
What Happened
Antone M. Therese, a director of Global Net Lease, Inc. (GNL), was granted 13,859 restricted stock units (RSUs) on 2026-05-21. The grant was reported at a grant value of $9.38 per RSU, for a total reported value of $129,997. This was an award (grant) of RSUs — not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21 (reported on Form 4 filed 2026-05-26)
- Transaction type/code: Award/Grant (A) — 13,859 RSUs at $9.38 each; total reported value $129,997
- Vesting: RSUs vest on May 20, 2027 (footnote: each RSU represents the contingent right to receive one share upon vesting)
- Shares owned after transaction: Not specified in this filing
- Other notes: No 10b5-1 plan, tax withholding, or cashless exercise indicated in the filing
- Filing timeliness: Form 4 was filed five days after the transaction date, which appears later than the standard 2-business-day reporting requirement for insiders
Context
RSUs are a form of equity compensation that convert into shares only upon vesting; they do not represent immediate share ownership or a market purchase. Such grants are commonly part of director or executive compensation and do not by themselves indicate trading intent or market sentiment.