Key facts
- This page summarizes Edward M. Weil Jr.'s Form 4 filing for Necessity Retail REIT, Inc..
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 13 Sep 2023, 21:57.
Edward M. Weil Jr. - 11 Sep 2023 Form 4 Insider Report for Necessity Retail REIT, Inc.
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 11 Sep 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 13 Sep 2023, 21:57:20 UTC
- Prior SEC filing
- 01 Mar 2023
- Next SEC filing
- 14 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Edward M. Weil, Jr.
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Edward M. Weil Jr. filed Form 4 for Necessity Retail REIT, Inc. on 13 Sep 2023.
Change
- Previous filing in this sequence was filed on 01 Mar 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RTL
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +5,569,361
- Change %
- Price
- Shares after
- 5,569,361
- Date
- 11 Sep 2023
- Ownership
- See Footnote
- Footnotes
- F1, F2
RTL
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -5,569,361
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Sep 2023
- Ownership
- See Footnote
- Footnotes
- F2, F3
RTL
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -66,481
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Sep 2023
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RTL
transaction
Derivative
LTIP Units
Options Exercise
- Transaction value
- Shares
- -5,569,361
- Change %
- -65%
- Price
- Shares after
- 2,959,524
- Date
- 12 Sep 2023
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,569,361
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3
RTL
transaction
Derivative
LTIP Units
Disposed to Issuer
- Transaction value
- Shares
- -2,959,524
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 12 Sep 2023
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 2,959,524
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Edward M. Weil Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Units of limited partnership interest designated as "LTIP Units" ("LTIP Units") in The Necessity Retail REIT Operating Partnership, L.P. (the "OP"), the operating partnership of the Issuer, issued to the Issuer's external advisor The Necessity Retail REIT Advisors, LLC (the "Advisor"), pursuant to the 2018 Advisor Omnibus Incentive Compensation Plan of the Company (the "Advisor Plan"). LTIP Units that are earned also become vested and converted to shares of the Issuer's Class A Common Stock.
Footnote F2
The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control the Advisor. The Advisor holds the reported securities. The reporting person disclaims beneficial ownership of the securities held by the Advisor except to the extent of his pecuniary interest therein.
Footnote F3
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.