Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 74

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 74
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 target award, which represents the amount earned based    
 on the Company performance as of December 31, 2024 (assuming the discretionary component         
 of the 2024 Annual Incentive Plan was earned at the target level), and (iii) 2022 Long-Term      
 Plan Incentive Award at 0% of the target award, which represents the amount actually earned      
 at the end of the performance period (February 23, 2025). Because the performance periods        
 for the 2023 and 2024 Long-Term Equity Incentive Plans will not end until after the date         
 of this Proxy Statement, we are unable to determine the amount of LTIP Units that would be       
 awarded under those plans based on a deemed termination date of December 31, 2024. The           
 target and maximum awards available under the 2023 Long-Term Equity Incentive Plan, after        
 the application of a partial service factor to reflect a deemed termination date of December 31, 
 2024, equaled (i) for Mr. Busch, $164,000 and $327,000, respectively, (ii) for                   
 Mr. Kiernan, $123,000 and $245,000, respectively, (iii) for Mr. Leon, $123,000                   
 and $245,000, respectively, (iv) for Ms. Holley, $72,000 and $143,000, respectively              
 and (v) for Mr. Barber, $72,000 and $143,000, respectively. The target and maximum               
 awards available under the 2024 Long-Term Equity Incentive Plan, after the application of        
 a partial service factor to reflect a deemed termination date of December 31, 2024 equal         
 (i) for Mr. Busch, $142,000 and $284,000, respectively, (ii) for Mr. Kiernan,                    
 $89,000 and $177,000, respectively, (iii) for Mr. Leon, $89,000 and $177,000, respectively,      
 (iv) for Ms. Holley, $50,000 and $99,000, respectively, and (v) for Mr. Barber,                  
 $47,000 and $95,000, respectively.                                                               |

| (3) | Represents COBRA payments for (i) a maximum of 18 months with respect                     
 to Mr. Busch, and (ii) a maximum of 12