[Form 4] MEDICAL PROPERTIES TRUST INC Insider Trading Activity

Rhea-AI Filing Summary

Insider withholding on restricted shares at Medical Properties Trust (MPW) — The form reports that Kevin Hanna, Senior VP, Controller & CAO, had 5,663 shares of common stock withheld on 10/07/2025 to satisfy tax withholding obligations tied to vesting of restricted stock. The transaction is coded F and is explicitly noted as not constituting a sale.

After the withholding, the reporting person beneficially owned 443,568 shares. The filing was submitted by power of attorney W. Zachary Riddle. The record shows routine tax withholding at vesting and continued substantial beneficial ownership without open-market disposition.

Positive

• Compliance: Transaction was reported and explained as tax withholding on vesting, showing timely disclosure
• No sale: The code and explanation state this does not constitute a sale, preserving signal that insider did not divest
• Substantial continued ownership: Reporting person retains 443,568 shares after withholding

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine withholding on vested equity; no open-market sale reported.

The filing shows 5,663 shares were withheld on 10/07/2025 to cover taxes when restricted stock vested, which is a common administrative step that reduces share count without creating a market sale. The disposition code F and the explanatory note confirm this was for tax withholding, not a voluntary sale.

Key dependencies include the timing of vesting schedules and future equity grants; the remaining beneficial ownership of 443,568 shares maintains continued alignment with shareholders. Watch for any future Form 4 entries that would indicate open-market transactions or grant activity within the next 12 months.

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^*

Hanna James Kevin

(Last) (First) (Middle)

1000 URBAN CENTER DRIVE

SUITE 501

(Street)

BIRMINGHAM AL 35242

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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

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

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

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	10/07/2025		F		5,663(1)	D	$5.01	443,568	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. Represents shares withheld upon vesting of restricted stock to satisfy tax withholding obligations. This does not constitute a sale transaction.

	W. Zachary Riddle, by power of attorney	10/07/2025
	** 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.

FAQ

What did MPW insider Kevin Hanna report on 10/07/2025?

He reported that 5,663 shares were withheld to satisfy tax withholding upon vesting of restricted stock; the filing is coded F.

Does the Form 4 show an open-market sale of MPW shares?

No. The filing explains the shares were withheld for taxes on vesting and does not constitute a sale.

How many MPW shares does the reporting person own after the transaction?

The reporting person beneficially owns 443,568 shares following the withholding.

What price is listed for the withheld shares?

The form records a price of $5.01 per share associated with the withholding.

Who signed the Form 4 for the reporting person?

The form was signed by W. Zachary Riddle by power of attorney on 10/07/2025.