Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 40

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 40
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 Company common stock equal in value to the amounts listed below:

| ● | Chief Executive Officer – five times annual base salary.     |
| ● | Chief Financial Officer – three times annual base salary.    |
| ● | All other Executive Officers – one times annual base salary. |

Elements of 2024 Executive Compensation Our NEO compensation is comprised of three primary components:

| ● | Base salary;                      |
| ● | Annual incentive plan awards; and |
| ● | Long-term incentive plan awards.  |

Below is a description of each primary component of our NEO compensation. Base Salary .Our Compensation Committee believes that payment of a competitive base salary is a necessary element of any compensation program that is designed to attract and retain talented and qualified executives. Subject to our existing contractual obligations, we expect our Compensation Committee to consider base salary for our NEOs annually as part of our performance review process, as well as upon any promotion or other change in job responsibility. The goal of our base salary program is to provide such salaries and payments at a level that allows us to attract and retain qualified executives while preserving significant flexibility to recognize and reward individual performance with other elements of the overall compensation program. Base salary levels also affect the annual cash incentive compensation because the annual bonus target opportunity of each NEO is expressed as a percentage of base salary. The 2024 annual base salaries for our NEOs remained unchanged from 2023 and are set forth in the table below:

| Name and Principal Position                            |     | Annual Base Salary |         |
|:-------------------------------------------------------|:----|:-------------------|--------:|
| Jeffrey Busch – Chief Executive Officer and President  |     | $                  | 700,000 |
| Robert Kiernan – Chief Financial Officer and Treasurer |     | $                  | 400,000 |
| Alfonzo Leon – Chief Investment Officer                |     | $                  | 375,000 |
| Danica Holley – Chief Operating Officer                |     | $                  | 325,000 |
| Jamie Barber – General Counsel and Corporate Secretary |     | $                  | 290,000 |

31 2024 Annual Incentive Plan .The Compensation Committee intends to make a meaningful portion of our NEOs’annual compensation contingent on achieving certain Company performance targets and individual goals. To that end, we maintain an annual incentive program whereby awards may be earned based on achievement of performance metrics (the " 2024 Annual Incentive Plan ”). Awardsgranted pursuant to our annual incentive program are settled 60%