Global Net Lease (GNL) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 22, 2025, to be held virtually, with voting on key proposals including director elections, auditor ratification, executive compensation, and a new incentive plan.

• 2024 saw significant strategic actions: $835M in asset dispositions, a $734M net debt reduction, increased occupancy to 97%, and a transformative $1.8B multi-tenant portfolio sale agreement.

• Merger with The Necessity Retail REIT, Inc. delivered $85M in cost synergies, exceeding initial targets.

• Internalization of management completed, transitioning from externally managed to internally managed REIT, with expanded in-house leadership.

Voting matters and shareholder proposals

• Proposals include electing ten directors, ratifying PwC as auditor for 2025, a non-binding say-on-pay vote, and approval of the 2025 Omnibus Incentive Compensation Plan.

• Board recommends voting FOR all proposals.

• Shareholders can vote online, by phone, mail, or during the virtual meeting.

• Stockholder proposals for the 2026 meeting must be submitted by December 9, 2025.

Board of directors and corporate governance

• Board consists of ten directors, nine of whom are independent; diversity and experience are emphasized in nominations.

• Recent governance enhancements include empowering shareholders to amend bylaws and adding new independent and minority directors.

• Four standing committees: audit, compensation, nominating and corporate governance, and finance.

• All directors attended 2024 board and committee meetings.