Co-CEO James L. Nelson resigns effective March 31, 2024; Edward M. Weil becomes sole CEO

Global Net Lease, Inc.

Nelson resigns as President, Co-CEO and director; Weil continues as sole CEO.
16,687 unvested restricted shares accelerated and fully vested on March 31, 2024.
Nelson receives base salary through April 12, 2024; unused vacation payout of $660,086.
D&O insurance maintained for six years; Nelson agrees to vote shares as Board recommends for three years.
Resignation not the result of any disagreement with the Company's operations, policies or practices.

item 5.02 item 9.01

Executive movements

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Departed

James L. Nelson

President and Co-Chief Executive Officer

GNL · Global Net Lease, Inc.

Effective: 2024-03-31
Successor: Edward M. Weil, Jr.
Filed: March 11, 2024, 7:59 PM ET

James L. Nelson, a member of the board of directors of Global Net Lease, Inc. (the “Company”) and the Company’s President and Co-Chief Executive Officer, notified the Company that he will resign from his position as President and Co-Chief Executive Officer, effective March 31, 2024,

Role change

Edward M. Weil, Jr.

Chief Executive Officer

GNL · Global Net Lease, Inc.

Effective: 2024-03-31
Filed: March 11, 2024, 7:59 PM ET

Edward M. Weil, Jr., the Company’s other Co-Chief Executive Officer, will continue as the Company’s sole Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James L. Nelson resigned as President and Co-Chief Executive Officer at Global Net Lease, Inc..

Action: resigned
Role: President and Co-Chief Executive Officer

Exact text from the filing

James L. Nelson, a member of the board of directors of Global Net Lease, Inc. (the “Company”) and the Company’s President and Co-Chief Executive Officer, notified the Company that he will resign from his position as President and Co-Chief Executive Officer, effective March 31, 2024,

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Edward M. Weil, Jr. changed role as Chief Executive Officer at Global Net Lease, Inc..

Action: will continue as
Role: Chief Executive Officer

Exact text from the filing

Edward M. Weil, Jr., the Company’s other Co-Chief Executive Officer, will continue as the Company’s sole Chief Executive Officer.

View on SEC.gov

Global Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-033016

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