Giannopoulos Georgios 4
4 · Global Ship Lease, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Global Ship Lease (GSL) CCO Georgios Giannopoulos Sells Shares
What Happened
Georgios Giannopoulos, Chief Compliance Officer of Global Ship Lease, sold 7,692 Class A common shares on April 7, 2026. The weighted-average price was $38.51 per share, yielding proceeds of approximately $296,227. The filing reports the sale as an open-market or private sale (transaction code S).
Key Details
- Transaction date: April 7, 2026. Filing date: April 9, 2026 (filed timely within the Form 4 reporting window).
- Price: weighted average $38.51; reported price range $38.44 to $38.66 per share (footnote F2).
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes of note:
- F1: Shares are Class A common shares granted under the Issuer’s 2019 Omnibus Incentive Plan.
- F2: Weighted-average price covers multiple trades; the filer can provide per-trade breakdown on request.
- F3: The filing discloses additional unvested awards (42,308 shares vesting quarterly starting 6/30/2026 conditioned on service; two performance-based tranches totaling 100,000 shares with vesting tied to return-on-equity metrics through 2028).
- No indication in the filing that this was a 10b5-1 plan trade or a late filing.
Context
This was a sale (S) of previously granted shares; sales can be routine (e.g., for diversification or tax/liquidity needs) and do not by themselves indicate management’s view of the company’s prospects. The filing also shows substantial unvested, performance-based awards for the officer, which may affect future insider holdings if performance targets are met.
Insider Transaction Report
- Sale
Class A Common Shares, par value of $0.01 per share
[F1][F2]2026-04-07$38.51/sh−7,692$296,227→ 0 total
- 142,308
Class A Common Shares, par value of $0.01 per share
[F3]
Footnotes (3)
- [F1]Class A Common Shares of Global Ship Lease, Inc. (the "Issuer") granted to the reporting person pursuant to the Issuer's 2019 Omnibus Incentive Plan, as amended and restated (the "Plan").
- [F2]The price reported represents the weighted average price of Class A Common Shares of the Issuer sold in multiple transactions at prices ranging from $38.44 to $38.66 per share. The reporting person will provide to the Issuer, or the U.S. Securities and Exchange Commission staff, upon request, information regarding the number of shares sold at each price within the range.
- [F3]Unvested awards of Class A Common Shares of the Issuer granted to the reporting person pursuant to the Plan, consisting of (i) 42,308 shares which vest quarterly, pro rata, commencing from the quarter ended June 30, 2026, conditioned on the reporting person's continued service, (ii) 50,000 shares, of which approximately 1/3 are earned upon the Company's achievement of a specified annualized return on equity that is measured as of December 31 of 2026, 2027 and 2028, respectively, after which, such earned shares are notionally divided into a number of quarterly installments within the 3.25 year period beginning October 1, 2025 (the "Term") and are eligible to vest on this basis, and (iii) 50,000 shares which vest at December 31, 2028 based on the Company's achievement of a specified return on equity over the full Term.