Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 57

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 57
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 had not vested as of December 31, 2024; one half of the originally granted units vested      
 on February 21, 2024 and the remaining unvested units vested on February 21, 2025,           
 (ii) 38,860 time-based-vesting-only LTIP Units issued in connection with our 2024 Long-Term  
 Equity Incentive Plan that had not vested as of December 31, 2024; all of these units        
 will vest in full on February 21, 2027, (iii) 27,422 time-based-vesting-only LTIP            
 Units issued in connection with our 2023 Long-Term Equity Incentive Plan that had not vested 
 as of December 31, 2024; 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.                                                     |

| (7) | Consists                                                                                          
 of 15,544 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. Leon had contingently earned 12,650 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. Leon’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