Real Estate
Global Net Lease Executive Compensation (FY25)
GNL · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 26, 2026
212 figures on this page: 208 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Edward Weil, Jr. was paid $8,879,785 in total compensation as Chief Executive Officer and President for fiscal 2025. Separately, for fiscal 2025, shareholders backed the say-on-pay proposal with 95.8% of votes cast for or against in favor at the meeting held May 21, 2026. Meanwhile, for fiscal 2025, the company reported a chief executive pay ratio of 63.7:1, against median employee compensation of $139,340; the disclosed peer group names Acadia Realty Trust, Agree Realty Corporation, Broadstone Net Lease, Inc., Empire State Realty Trust, Inc. and EPR Properties, among others, and for fiscal 2025, the company reported 4 named executive officers.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Edward Weil, Jr.: $5,232,889 → $8,879,785 (69.7% higher)
Say-on-pay support: 92.6% → 95.8% (3.2 points higher)
CEO pay ratio: 37.8:1 → 63.7:1 (68.5% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Global Net Lease's chief executive and what were they paid?
Edward Weil, Jr. was paid $8,879,785 in total compensation as Chief Executive Officer and President for fiscal 2025. Compared with the $5,232,889 reported for fiscal 2024, Weil, Jr.'s total was 69.7% higher.
What was Global Net Lease's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.8% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in Global Net Lease's peer group?
The disclosed peer group names Acadia Realty Trust, Agree Realty Corporation, Broadstone Net Lease, Inc., Empire State Realty Trust, Inc. and EPR Properties, among others.
What is Global Net Lease's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 63.7:1, against median employee compensation of $139,340.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
James Nelson Former Co-Chief Executive Officer and President Departed during or after this year | — | — | ◇ | — | — | — | ◇ | ◇ |
Christopher Masterson Chief Financial Officer Treasurer and Secretary | — | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edward Weil Chief Executive Officer and President | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Christopher Masterson Chief Financial Officer Treasurer and Secretary | ◇ | ◇ | ◇ | — | — | — | ◇ | — not reconciled |
Jesse Galloway General Counsel | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
James Nelson Former Co-Chief Executive Officer and President Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edward Weil Chief Executive Officer and President | ◇ | ◇ | ◇ | ◇ | ◇ | — | — | ◇ |
Jesse Galloway General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Nelson Former Co-Chief Executive Officer and President Departed during or after this year | ◇ | ◇ | — | — | — | — | — | ◇ |
Christopher Masterson Chief Financial Officer Treasurer and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edward Weil, Jr. Chief Executive Officer and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jesse Galloway Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Masterson Chief Financial Officer, Treasurer and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ori Kravel Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Christopher J. Masterson | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Christopher J. Masterson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Edward M. Weil Jr | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Edward M. Weil Jr | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jesse C. Galloway | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jesse C. Galloway | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jesse C. Galloway | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Ori Kravel | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Ori Kravel | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Edward Weil | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Ori Kravel | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jesse Galloway | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Christopher Masterson | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Leslie D. Michelson | ◇ | ◇ | — | — | — | — | ◇ |
P. Sue Perrotty | ◇ | ◇ | — | — | — | — | ◇ |
Stanley R. Perla | ◇ | ◇ | — | — | — | — | ◇ |
Edward G. Rendell | ◇ | ◇ | — | — | — | — | ◇ |
Lisa D. Kabnick | ◇ | ◇ | — | — | — | — | ◇ |
Dr. M. Therese Antone | ◇ | ◇ | — | — | — | — | ◇ |
Robert I. Kauffman Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Michael J.U. Monahan | ◇ | ◇ | — | — | — | — | ◇ |
Leon C. Richardson | ◇ | ◇ | — | — | — | — | ◇ |
Edward M. Weil, Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Lead independent director premium | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Acadia Realty Trust AKR
- Agree Realty Corporation ADC
- Broadstone Net Lease, Inc. BNL
- Empire State Realty Trust, Inc. ESRT
- EPR Properties EPR
- Essential Properties Realty Trust, Inc. EPRT
- First Industrial Realty Trust, Inc. FR
- Healthcare Realty Trust Incorporated HR
- LXP Industrial Trust LXP
- Medical Properties Trust, Inc. MPT
- NNN REIT, Inc. NNN
- Omega Healthcare Investors, Inc. OHI
- Rexford Industrial Realty, Inc. REXR
- Sabra Health Care REIT, Inc. SBRA
- Urban Edge Properties UE
- Veris Residential, Inc. VRE
- W. P. Carey Inc. WPC
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 22, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 23, 2024 | = | ◇ | ◇ | ◇ |
| 2020 | April 12, 2021 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Global Net Lease disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Global Net Lease sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
212 figures on this page: 208 cited to the filing that reported them, 4 calculated from figures it prints.
208 cited to the filing
4 calculated from the filing
Documents cited
- 0001104659-26-066277Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-26-013666Compensation Of Directors · Grants of Plan-Based Awards · Grants of Plan-Based Awards for Fiscal Year 2025 · Outstanding Equity Awards at Fiscal Year-End · and 2 more sections
- 0001104659-25-052963Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-25-012840Summary Compensation Table
- 0001104659-24-066073Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-24-0502112023 Summary Compensation Table · Summary Compensation Table
- 0001104659-21-049374Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Global Net Lease executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GNL (accessed 2026).
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Real Estate rankings
Peers Global Net Lease discloses
The companies named in GNL's own disclosed peer group.
Acadia Realty TrustAgree Realty CorporationBroadstone Net Lease, Inc.Empire State Realty Trust, Inc.EPR PropertiesEssential Properties Realty Trust, Inc.First Industrial Realty Trust, Inc.Healthcare Realty Trust IncorporatedLXP Industrial TrustMedical Properties Trust, Inc.NNN REIT, Inc.Omega Healthcare Investors, Inc.Rexford Industrial Realty, Inc.Sabra Health Care REIT, Inc.Urban Edge PropertiesVeris Residential, Inc.W. P. Carey Inc.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}