Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 56

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 56
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; all of these units will vest in full on February 23, 2026,          
 and (iv) 9,905 time-based-vesting-only LTIP Units issued in connection with our 2022         
 Long-Term Equity Incentive Plan that had not vested as of December 31, 2024; all of          
 these units vested on February 24, 2025.                                                     |

| (5) | Consists                                                                                          
 of 16,580 unearned LTIP Units as of December 31, 2024 pursuant to the 2024 Annual Incentive       
 Plan at the target level amount. In February 2025, the Compensation Committee and the             
 Board determined that Mr. Kiernan had contingently earned 13,493 LTIP Units pursuant              
 to the terms of the 2024 Annual Incentive Plan. The LTIP Units contingently earned pursuant       
 to the 2024 Annual Incentive Plan vest as follows: 50% on February 26, 2025 (the settlement       
 date) and 50% on February 26, 2026 (the first anniversary of the settlement date), subject        
 to Mr. Kiernan’s continuous service through the applicable vesting date. As of                    
 December 31, 2024, (i) each of the total stockholder return components of the 2024,               
 2023 and 2022 long-term performance-based incentive plans were performing at levels below         
 their minimum threshold levels, so the threshold amounts are shown for these plans in the         
 table above, (ii) the relative stockholder return components of the 2024, 2023 and 2022           
 long-term performance-based incentive plans were performing at levels below the threshold         
 amounts, so the threshold amounts are shown. All awards granted under the 2024, 2023 and          
 2022 long-term performance-based incentive plans are contingently earned based on the achievement 
 of performance metrics following a three-year performance period. These awards are then subject   
 to additional service-based vesting conditions thereafter, vesting as follows: 50% on the         
 date of settlement and 50% on the first anniversary of the date of settlement, subject to         
 Mr. Kiernan’s continuous service through the applicable vesting date.                             |

47

| (6) | Consists                                                                                     
 of: (i) 7,871 LTIP Units issued in connection with our 2023 Annual Incentive Plan that