Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 44

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 44
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 | ●                                                                                                                                       | Threshold                                           
 (50% of Target Award): 15% total return             |
|                                                      | ●                                                                                                                                       | Target                                              
 (100% of Target Award): 24% total return            |
|                                                      | ●                                                                                                                                       | Maximum                                             
 (200% of Target Award): 36% or greater total return |

36

| Performance-based Vesting Component – Relative 
 TSR (25%):                                     | Reason for Inclusion in Plan: Similar to the                                                                                    
 Absolute TSR component except compared to the companies included in the Dow Jones U.S. Real Estate Healthcare Index (the “Index 
 Companies”). In addition to an absolute return component, the Compensation Committee believes it is important to measure the    
 Company’s performance against an index of its industry peers to adjust for healthcare REIT industry performance considerations  
 that may not exist within the larger REIT universe or other specific REIT industries.                                           |                                                                |
|                                                | Performance Period: Three years from grant                                                                                      
 date                                                                                                                            |                                                                |
|                                                | Award Levels:                                                                                                                   |                                                                |
|                                                | ●                                                                                                                               | Threshold                                                      
 (50% of Target Award): 35th percentile of the Index Companies  |
|                                                | ●                                                                                                                               | Target                                                         
 (100% of Target Award): 55th percentile of the Index Companies |
|                                                | ●                                                                                                                               | Maximum                                                        
 (200% of Target Award): 75th percentile of the Index Companies |

The Absolute TSR Component will be forfeited in its entirety if the TSR is less than 15%. If the TSR is between 15% and 24%, or between 24% and 36%, the percentage of the Absolute TSR Component earned will be determined using linear interpolation as between those tiers, respectively. The Relative TSR Component will be forfeited in its entirety if the Relative Performance is below the 35th percentile of the Index Companies. If the Relative Performance is between the 35th percentile and 55th percentile of the Index Companies, or between the 55th percentile and 75th percentile of the Index Companies, the percentage of the Relative TSR Component earned will be determined using linear interpolation as between those tiers, respectively. The following table lists the 2024 Long-Term Incentive Plan target awards granted to our NEOs on February 21, 2024. The actual amount of each performance-based award that is earned will be determined on the third anniversary of the grant date (i.e., February 21, 2027) (the “