James Nelson - Jun 3, 2021 Form 4 Insider Report for Global Net Lease, Inc. (GNL)

Role: CEO and President, Director
Signature: /s/ James L. Nelson
Stock symbol: GNL
Transactions as of: Jun 3, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/4/2021, 05:02 PM
Previous filing: May 24, 2021
Next filing: Jun 16, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GNL	LTIP Units	Award		+2.5M			2.5M	Jun 3, 2021	Common Stock	2.5M	$0.00	See footnote	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents units of limited partnership interest designated as "LTIP Units" ("LTIP Units") in Global Net Lease Operating Partnership, L.P. (the "OP"), the operating partnership of Global Net Lease, Inc. (the "Company"), issued to the Company's external advisor, Global Net Lease Advisors, LLC (the "Advisor"), pursuant to the 2021 Advisor Omnibus Incentive Compensation Plan of the Company (the "Advisor Plan"). These LTIP Units may be earned by the Advisor based on the Company's achievement of threshold, target and maximum performance goals based on the Company's absolute and relative total stockholder return over a performance period commencing on June 3, 2021 and ending on the earliest of (i) June 3, 2024, (ii) the effective date of any Change of Control (as defined in the Advisor Plan) and (iii) the effective date of any termination of the Advisor's service as advisor of the Company.
F2	LTIP Units that are earned also become vested. Any LTIP Units that are not earned will automatically be forfeited without the payment of any consideration by the Company or the OP. If and when the Advisor's capital account with respect to an earned LTIP Unit is equal to the capital account balance of a unit of limited partnership interest in the OP designated as an "OP Unit" ("OP Units"), the Advisor, in its sole discretion, will be entitled to convert the earned LTIP Unit into an OP Unit, which may in turn be redeemed on a one-for-one basis for, at the Company's election, a share of the Company's common stock or the cash equivalent thereof.
F3	The reporting person is the chief executive officer and president of, and also holds a non-controlling profits interest in, the Advisor. The Advisor beneficially owns the reported securities. The reporting person disclaims beneficial ownership of the securities beneficially owned by the Advisor except to the extent of his pecuniary interest therein.