0001104659-24-027025.txt : 20240223
0001104659-24-027025.hdr.sgml : 20240223
20240223160907
ACCESSION NUMBER: 0001104659-24-027025
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240221
FILED AS OF DATE: 20240223
DATE AS OF CHANGE: 20240223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Leon Alfonzo
CENTRAL INDEX KEY: 0001647511
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37815
FILM NUMBER: 24671211
MAIL ADDRESS:
STREET 1: 7373 WISCONSIN AVENUE
STREET 2: SUITE 800
CITY: BETHESDA
STATE: MD
ZIP: 20814
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Global Medical REIT Inc.
CENTRAL INDEX KEY: 0001533615
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 464757266
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7373 WISCONSIN AVENUE
STREET 2: SUITE 800
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 202-524-6851
MAIL ADDRESS:
STREET 1: 7373 WISCONSIN AVENUE
STREET 2: SUITE 800
CITY: BETHESDA
STATE: MD
ZIP: 20814
FORMER COMPANY:
FORMER CONFORMED NAME: SCOOP MEDIA, INC.
DATE OF NAME CHANGE: 20111027
4
1
tm247073-5_4seq1.xml
OWNERSHIP DOCUMENT
X0508
4
2024-02-21
0
0001533615
Global Medical REIT Inc.
GMRE
0001647511
Leon Alfonzo
7373 WISCONSIN AVENUE,
SUITE 800
BETHESDA
MD
20814
0
1
0
0
Chief Investment Officer
0
LTIP Unit (Right to Buy)
2024-02-21
4
A
0
38860
0
A
Common Stock
38860
382822
D
LTIP Unit (Right to Buy)
2024-02-21
4
A
0
15742
0
A
Common Stock
15742
398564
D
Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on February 21, 2027, subject to the Reporting Person's continued employment on such date. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.2 to the Issuer's Quarterly Report on Form 10-Q filed on May 5, 2023. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
Represents LTIP Units in the OP. The Issuer's Board of Directors determined that on February 21, 2024, 50% of the LTIP Units became vested and nonforfeitable on February 21, 2024 as a result of meeting certain market-based performance criteria as of December 31, 2023, and 50% of the LTIP Units will vest on February 21, 2025 pursuant to the grant award agreement stipulations. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 10.1 to the Issuer's Quarterly Report on Form 10-Q filed on August 4, 2023. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date.
/s/ Jamie Barber, as Attorney-in-Fact
2024-02-23