KIERNAN ROBERT J 4
4 · Global Medical REIT Inc. · Filed May 28, 2021
Insider Transaction Report
Form 4
KIERNAN ROBERT J
CFO and Treasurer
Transactions
- Award
LTIP Unit (Right to Buy)
2021-05-26+5,927→ 237,093 total→ Common Stock (5,927 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on March 3, 2024, subject to the Reporting Person's continued employment on such date. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.3 to the Issuer's Quarterly Report on Form 10-Q filed on May 7, 2021. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
- [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.