4//SEC Filing
Holley Danica 4
Accession 0001104659-25-018544
CIK 0001533615other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 8:53 PM ET
Size
9.3 KB
Accession
0001104659-25-018544
Insider Transaction Report
Form 4
Holley Danica
Chief Operating Officer
Transactions
- Award
LTIP Unit (Right to Buy)
2025-02-26+25,799→ 273,850 total→ Common Stock (25,799 underlying) - Award
LTIP Unit (Right to Buy)
2025-02-26+8,770→ 282,620 total→ Common Stock (8,770 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 26, 2028, 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 26, 2025, 50% of the LTIP Units will become vested and nonforfeitable as a result of meeting certain market-based performance criteria as of December 31, 2024 and February 26, 2025 and 50% of the LTIP Units will vest on February 26, 2026 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 0001657320
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 8:53 PM ET
- Size
- 9.3 KB