4//SEC Filing
Leon Alfonzo 4
Accession 0001104659-21-031748
CIK 0001533615other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 9:43 PM ET
Size
8.8 KB
Accession
0001104659-21-031748
Insider Transaction Report
Form 4
Leon Alfonzo
Chief Investment Officer
Transactions
- Award
LTIP Unit (Right to Buy)
2021-03-02+26,940→ 221,633 total→ Common Stock (26,940 underlying) - Award
LTIP Unit (Right to Buy)
2021-03-02+36,740→ 258,373 total→ Common Stock (36,740 underlying)
Footnotes (3)
- [F1]Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer. The Issuer's Board of Directors determined on March 2, 2021 that 50% of the LTIP Units vested and became nonforfeitable as a result of meeting certain market-based performance criteria as of December 31, 2021 and 50% of the LTIP Units will vest on March 2, 2022, pursuant to the grant award agreement stipulations. The performance-based LTIP Units were awarded pursuant to the Issuer's 2016 Equity Incentive Plan.
- [F2]As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
- [F3]The Issuer's Board of Directors determined on March 2, 2021 that 50% of the LTIP Units vested and became nonforfeitable as a result of meeting certain market based performance criteria as of March 1, 2021 and 50% of the LTIP Units will vest on March 2, 2022, pursuant to the grant award agreement stipulations. The performance-based LTIP Units were awarded pursuant to the Issuer's 2016 Equity Incentive Plan.
Documents
Issuer
Global Medical REIT Inc.
CIK 0001533615
Entity typeother
Related Parties
1- filerCIK 0001647511
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 9:43 PM ET
- Size
- 8.8 KB