Portal Larry H 4

What Happened
Larry H. Portal, Senior Vice President and Senior Advisor to the CEO of Medical Properties Trust (MPT), was granted a total of 112,500 shares on 2026-03-18 via two awards: 75,000 shares (time‑based) and 37,500 shares (performance‑based). Both awards were reported as acquisitions at $0.00 (awarded shares), so there was no cash purchase. This is a compensation grant, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed 2026-03-19 (one day after the transaction).
• Awards: 75,000 shares (time‑vesting) and 37,500 shares (performance‑based); total 112,500 shares; reported price $0.00.
• Vesting (time‑based): vest ratably at the beginning of each of the 12 calendar quarters beginning April 1, 2026 (i.e., over 12 quarters).
• Performance conditions: 37,500 shares (and actual payout of the performance award) depend on specified company metrics—reduction of overall debt and cash revenue growth—measured from Jan 1, 2026 through Dec 31, 2028; up to one‑third of the award may be earned based on 2026 performance. The final number issued may vary with achievement of targets.
• Shares owned after transaction: not specified in the filing.
• Transaction code: A (award/grant). No 10b5‑1 plan, tax withholding, or late‑filing flag indicated.

Context
These grants are typical equity compensation used to retain executives and align pay with company performance; they do not reflect an immediate market purchase or sale by the insider. Time‑vested restricted shares will vest quarterly; the performance tranche will only be issued to the extent company goals are met over the 2026–2028 performance period.