Global Net Lease (NYSE: GNL) officer disposes shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Global Net Lease, Inc. officer Jesse Charles Galloway reported two stock transactions related to tax withholding on vested equity awards. On the reported date, a total of 18,637 shares of common stock were withheld at $9.46 per share to cover tax obligations on previously granted Restricted Stock Units under the 2021 Omnibus Plan. After these tax-withholding dispositions, Galloway directly owned 261,390 shares of Global Net Lease common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Galloway Jesse Charles
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,484 | $9.46 | $33K |
| Tax Withholding | Common Stock | 15,153 | $9.46 | $143K |
Holdings After Transaction:
Common Stock — 276,543 shares (Direct)
Footnotes (1)
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FAQ
What did Jesse Charles Galloway report in Global Net Lease (GNL) Form 4?
Jesse Charles Galloway reported tax-related share dispositions in Global Net Lease common stock. A total of 18,637 shares were withheld to satisfy tax liabilities from vesting Restricted Stock Units granted under the 2021 Omnibus Plan, reflecting administrative settlement of equity compensation taxes.
Were the Global Net Lease (GNL) Form 4 transactions open-market sales?
The transactions were not open-market sales but tax-withholding dispositions. Shares of Global Net Lease common stock were withheld to pay taxes on the vesting of previously granted Restricted Stock Units, as described in the filing’s transaction code and accompanying footnote explanation.
What equity plan is referenced in the Global Net Lease (GNL) Form 4?
The Form 4 references the 2021 Omnibus Plan of Global Net Lease, Inc. Restricted Stock Units previously granted under this plan vested, and a portion of the resulting shares was withheld to pay associated taxes, as disclosed in the filing’s detailed footnote.
What does transaction code "F" mean in the Global Net Lease (GNL) Form 4?
Transaction code “F” indicates payment of a tax liability or exercise price by delivering or withholding securities. In this case, Global Net Lease shares were withheld to cover taxes due on the vesting of Restricted Stock Units rather than being sold in the open market.