XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.1

Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following table reflects the activity of RSUs outstanding for the periods presented:

						Number of RSUs						Weighted-Average Issue Price
Unvested, December 31, 2022						47,723						$	15.82
Vested						(16,011)						14.63
Granted						—						—
Unvested, March 31, 2023						31,712						16.42

						Number of RSUs						Weighted-Average Issue Price
Unvested, December 31, 2021						44,510						$	17.30
Vested						(9,411)						13.37
Granted						—						—
Unvested, March 31, 2022						35,099						17.30

Schedule of Share-based Payment Arrangement by Restricted Stock Activity

The following table reflects the activity of Restricted Shares outstanding for the periods presented:

						Number of Restricted Shares						Weighted-Average Issue Price
Unvested, December 31, 2022						359,840						$	17.16
Vested						—						—
Granted						—						—
Forfeitures						—						—
Unvested, March 31, 2023						359,840						17.16

						Number of Restricted Shares						Weighted-Average Issue Price
Unvested, December 31, 2021						305,107						$	18.81
Vested						—						—
Granted						—						—
Forfeitures						(150)						19.41
Unvested, March 31, 2022						304,957						18.81

Schedule of Share Based Compensation Total Return

With respect to one-half of the LTIP Units granted under the 2021 OPP, the number of LTIP Units that become earned (if any) will be determined as of the last day of the performance period based on the Company’s achievement of absolute TSR levels as shown in the table below.

																								Number of LTIP Units Earned
Performance Level (% of LTIP Units Earned)									Absolute TSR																		2021 OPP
Below Threshold			0		%				Less than			24		%													0
Threshold			25		%							24		%													312,500
Target			50		%							30		%													625,000
Maximum			100		%							36		%	or higher												1,250,000

With respect to the remaining one-half of the LTIP Units granted under the 2021 OPP, the number of LTIP Units that become earned (if any) will be determined as of the last day of the performance period based on the difference (expressed in terms of basis points, whether positive or negative, as shown in the table below) between the Company’s absolute TSR on the last day of the performance period relative to the average TSR of a peer group consisting of Lexington Realty Trust, Office Properties Income Trust and W.P. Carey, Inc. as of the last day of the performance period.

																								Number of LTIP Units Earned
Performance Level (% of LTIP Units Earned)									Relative TSR Excess																		2021 OPP
Below Threshold			0		%				Less than			-600			basis points												0
Threshold			25		%							-600			basis points												312,500
Target			50		%							0			basis points												625,000
Maximum			100		%							600			basis points												1,250,000

X

- Definition

Schedule of Share Based Compensation Total Return [Table Text Block]

+ References

No definition available.

+ Details

Name:	gnl_ScheduleofShareBasedCompensationTotalReturnTableTextBlock
Namespace Prefix:	gnl_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration