Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 52

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 52
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 earned pursuant   
 to the cash portion of the 2024 Annual Incentive Plan awards. The exact amount earned depends 
 upon, among other things, the Company’s financial performance, as described in the            
 “Compensation Discussion and Analysis” section of this Proxy Statement.                       |

| (2) | These                                                                                         
 columns show the threshold, target and maximum number of shares of common stock that could    
 be issued in connection with performance-based LTIP Units granted in 2024 under the Company’s 
 2024 Annual Incentive Plan and 2024 Long-Term Equity Incentive Plan to each of the NEOs.      
 The exact number of units to be issued depends upon, among other things, the Company’s        
 financial performance, as described in the “Compensation Discussion and Analysis”             
 section of this Proxy Statement.                                                              |

| (3) | Reflects                                                                  
 time-based awards granted under the 2024 Long-Term Equity Incentive Plan. |

| (4) | Reflects                                                                                        
 the grant date fair value of awards pursuant to the 2024 Annual Incentive Plan and the 2024     
 Long-Term Equity Incentive Plan determined in accordance with FASB ASC Topic 718, with the      
 value of the performance-based portions of the awards reflected at the target level. Regarding  
 assumptions underlying the valuation of these equity awards, please see Note 7 to our Financial 
 Statements.                                                                                     |

See “ Compensation Discussion and Analysis — Elements of 2024 Executive Compensation” for a description of the material terms of the awards granted under the plans discussed in the footnotes to the 2024 Grants of Plan-Based Awards table. Initially, all LTIP Units will not have full parity with our operating partnership’s common units with respect to liquidating distributions. 44 Upon the occurrence of certain “book-up” events described in the partnership agreement, LTIP Units can, over time, achieve full parity with our operating partnership’s common units for all purposes, and, therefore, accrete to an economic value equivalent to one share of common stock. If such parity is reached, vested LTIP Units may be redeemed for cash in an amount equal to the then fair market value of an equal number of shares of our common stock or converted into an equal number of shares of our common stock, as determined by us at our election. Narrative Disclosure to Summary Compensation Table We provide additional disclosure below of factors relating to the Summary Compensation Table, including descriptions of the Employment Agreements with Messrs.