Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 41

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 41
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 in cash and 40% in LTIP Units and are granted under the Global Medical REIT Inc. 2016 Equity Incentive Plan (as amended from time-to-time, the “ 2016 Plan ”). The target awards forthe 2024 Annual Incentive Plan for each NEO remained unchanged from 2023 and are set forth in the table below:

| NEO            |     | Cash Award 
 (Target)   |         |     | LTIP Award 
 (Target)   |         |     | Total Award 
 (Target)    |         |
|:---------------|:----|:-----------|--------:|:----|:-----------|--------:|:----|:------------|--------:|
| Jeffrey Busch  |     | $          | 420,000 |     | $          | 280,000 |     | $           | 700,000 |
| Robert Kiernan |     | $          | 240,000 |     | $          | 160,000 |     | $           | 400,000 |
| Alfonzo Leon   |     | $          | 225,000 |     | $          | 150,000 |     | $           | 375,000 |
| Danica Holley  |     | $          | 156,000 |     | $          | 104,000 |     | $           | 260,000 |
| Jamie Barber   |     | $          | 139,200 |     | $          |  92,800 |     | $           | 232,000 |

Target awards under our 2024 Annual Incentive Plan consisted of the following five performance metrics: (i) average portfolio occupancy (15%), (ii) AFFO/share targets (25%), (iii) average debt-to-assets ratio (25%), (iv) acquisitions (15%) and (v) individual performance (20%). Each component is described in more detail below: 32

| Quarter-End Average Portfolio Occupancy 
 (15% of 2024 Annual Incentive Plan):    | Reason for Inclusion in Plan: Given the improved acquisition market but continued high cost-of-capital environment that                     
 existed in 2024, the Compensation Committee in 2024 decided to continue inclusion of the occupancy component but at a reduced percentage    
 than in 2023. During a year of improving acquisition growth, the Compensation Committee thought it was important to continue to incentivize 
 management to maintain the integrity