Executive at Medical Properties Trust (MPT) receives 112,500-share award

Rhea-AI Filing Summary

Medical Properties Trust Inc reported that SVP and Senior Advisor to the CEO Larry H. Portal acquired a total of 112,500 shares of common stock as equity awards. One grant of 75,000 shares vests in equal installments at the beginning of each of 12 calendar quarters starting April 1, 2026. A second award of 37,500 shares is performance-based and will be earned over the period from January 1, 2026 through December 31, 2028 based on specific debt reduction and cash revenue growth thresholds set by the compensation committee, with the actual shares issued varying according to performance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Portal Larry H

Role SVP, Senior Advisor to the CEO

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.001	75,000	$0.00	--
Grant/Award	Common stock, par value $0.001	37,500	$0.00	--

Holdings After Transaction: Common stock, par value $0.001 — 545,624 shares (Direct)

Footnotes (1)

1. Shares vest ratably at the beginning of each of the 12 calendar quarters beginning April 1, 2026. Shares will be earned based on the achievement of specific performance thresholds pertaining to the Company's reduction of overall debt and cash revenue growth, as defined and set by our compensation committee, over the period from January 1, 2026 through December 31, 2028, with the opportunity to earn up to one third of the award for 2026 performance against the specified measures. The actual number of shares to be issued will vary depending upon the achievement of these specific performance thresholds.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Portal Larry H

(Last) (First) (Middle)

10500 LIBERTY PARKWAY

(Street)

BIRMINGHAM ALABAMA 35242

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MEDICAL PROPERTIES TRUST INC [ MPT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Senior Advisor to the CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.001	03/18/2026		A		75,000(1)	A	$0	545,624	D
Common stock, par value $0.001	03/18/2026		A		37,500(2)	A	$0	583,124	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares vest ratably at the beginning of each of the 12 calendar quarters beginning April 1, 2026.

2. Shares will be earned based on the achievement of specific performance thresholds pertaining to the Company's reduction of overall debt and cash revenue growth, as defined and set by our compensation committee, over the period from January 1, 2026 through December 31, 2028, with the opportunity to earn up to one third of the award for 2026 performance against the specified measures. The actual number of shares to be issued will vary depending upon the achievement of these specific performance thresholds.

	W. Zachary Riddle, by power of attorney	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did MEDICAL PROPERTIES TRUST INC (MPT) report for Larry H. Portal?

MEDICAL PROPERTIES TRUST INC reported that SVP and Senior Advisor to the CEO Larry H. Portal received equity awards totaling 112,500 common shares. These were granted as compensation rather than open-market purchases, increasing his direct holdings according to the Form 4 disclosure.

How many MEDICAL PROPERTIES TRUST INC (MPT) shares were granted to Larry H. Portal and on what date?

Larry H. Portal was granted 75,000 shares and an additional 37,500-share performance-based award of MEDICAL PROPERTIES TRUST INC common stock. Both awards were dated March 18, 2026, as reflected in the non-derivative transactions section of the Form 4 filing.

How do the 75,000 granted shares to Larry H. Portal at MEDICAL PROPERTIES TRUST INC vest?

The 75,000-share grant to Larry H. Portal vests ratably at the beginning of each of 12 calendar quarters. Vesting starts on April 1, 2026, meaning a portion of the award becomes owned at the start of each quarter over three years.

What performance conditions apply to the 37,500-share award at MEDICAL PROPERTIES TRUST INC (MPT)?

The 37,500-share award will be earned based on specific performance thresholds for overall debt reduction and cash revenue growth. These metrics are defined by the compensation committee for the period January 1, 2026 through December 31, 2028, and the actual shares issued depend on performance.

Over what period can Larry H. Portal earn the performance-based MEDICAL PROPERTIES TRUST INC shares?

The performance-based shares can be earned over the period from January 1, 2026 through December 31, 2028. The plan also allows up to one third of the award to be earned based on MEDICAL PROPERTIES TRUST INC’s performance against specified measures for 2026.

How many MEDICAL PROPERTIES TRUST INC shares does Larry H. Portal hold after these awards?

After the reported equity awards, Larry H. Portal’s Form 4 shows direct ownership of 583,124 MEDICAL PROPERTIES TRUST INC common shares. This figure reflects his position following the second March 18, 2026 non-derivative transaction disclosed in the filing.