4//SEC Filing
KIERNAN ROBERT J 4
Accession 0001104659-24-027023
CIK 0001533615other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:08 PM ET
Size
9.3 KB
Accession
0001104659-24-027023
Insider Transaction Report
Form 4
KIERNAN ROBERT J
CFO and Treasurer
Transactions
- Award
LTIP Unit (Right to Buy)
2024-02-21+38,860→ 350,263 total→ Common Stock (38,860 underlying) - Award
LTIP Unit (Right to Buy)
2024-02-21+18,549→ 368,812 total→ Common Stock (18,549 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. All of the LTIP Units vest on February 21, 2027, 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 10.2 to the Issuer's Quarterly Report on Form 10-Q filed on May 5, 2023. 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.
- [F3]Represents LTIP Units in the OP. The Issuer's Board of Directors determined that on February 21, 2024, 50% of the LTIP Units became vested and nonforfeitable on February 21, 2024 as a result of meeting certain market-based performance criteria as of December 31, 2023, and 50% of the LTIP Units will vest on February 21, 2025 pursuant to the grant award agreement stipulations. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.1 to the Issuer's Quarterly Report on Form 10-Q filed on August 4, 2023. 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.
Documents
Issuer
Global Medical REIT Inc.
CIK 0001533615
Entity typeother
Related Parties
1- filerCIK 0001229248
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:08 PM ET
- Size
- 9.3 KB