Company: GMRE
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001104659-25-029872
Chunk: 43

Company: Global Medical REIT Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 43
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2024 Long-Term Equity Incentive Plan .In addition to our 2024 Annual Incentive Plan, the Company has established long-term equity incentive plans pursuant to which we grant equity awards under the 2016 Plan that are designed to reward our NEOs for achievements based on long-term stockholder returns. We believe a combination of both an annual and long-term performance plan helps incentivize our NEOs to achieve our short-term operational goals without sacrificing long-term stockholder value. Equity awards made to our NEOs in 2024 pursuant to the 2016 Plan (our “ 2024 Long-Term Equity Incentive Plan”) were made in the form of LTIP Units and were divided into two components: (i) a time-based vesting component (50% of the aggregate award), and (ii) a performance-based component (50% of the aggregate award). LTIP Units issued pursuant to the time-based component vest in full on the third anniversary of the grant date (i.e., no ratable vesting). The performance-based component of the plan is further broken out into two performance metrics as follows: (i) an Absolute Total Stockholder Return component (50% of the performance-based award) and (ii) a Relative Total Stockholder Return component (50% of the performance-based award). The table below provides a summary of the rationale and vesting terms of the 2024 Long-Term Equity Incentive Plan: 35

| Time-based Vesting Component 
 (50%):                       | Reason for Inclusion in                                                                                      
 Plan: The primary purpose of this component is to attract and retain qualified personnel, including          
 our NEOs. The Compensation Committee also believes these awards are necessary to remain competitive with our 
 Peer Companies.                                                                                              |                                  |
|                              | Vesting Schedule (based on grant date):                                                                      |                                  |
|                              | ●                                                                                                            | Third                            
 anniversary: 100% of total award |

| Performance-based Vesting Component - Absolute Total 
 Stockholder Return (“TSR”) (25%):                    | Reason for Inclusion in Plan: To incentivize                                                                                            
 our NEOs to build long-term value for our stockholders, the Compensation Committee considers it important to make a significant portion 
 of each NEO’s compensation contingent on total returns achieved by our stockholders over a long-term period.                            |                                                     |
|                                                      | Performance Period: Three years from grant                                                                                              
 date                                                                                                                                    |                                                     |
|                                                      | Award Levels:                                                                                                                           |                                                     |
|