Edward G. Rendell - Sep 12, 2023 Form 4 Insider Report for Necessity Retail REIT, Inc. (RTL)

Role
Director
Signature
/s/ Rendell Edward G
Stock symbol
RTL
Transactions as of
Sep 12, 2023
Transactions value $
$0
Form type
4
Date filed
9/13/2023, 05:46 PM
Previous filing
Jul 12, 2023
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RTL Class A Common Stock Disposed to Issuer -101K -100% 0 Sep 12, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Edward G. Rendell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Disposed of pursuant to merger agreement between the Issuer, Global Net Lease, Inc. ("GNL") and certain other parties, dated May 23, 2023, in exchange for shares of GNL Common Stock, at an exchange ratio of 0.67 per share.