MPW Form 4: 6,956 Restricted Shares Withheld for Taxes

Rhea-AI Filing Summary

Medical Properties Trust, Inc. (MPW) insider filing shows that on 10/07/2025 a reporting person had 6,956 shares of common stock withheld at a price of $5.01 to satisfy tax withholding upon vesting of restricted stock. This action is recorded as a disposition code F but the form explains the withholding "does not constitute a sale transaction." After the withholding, the reporting person beneficially owns 481,691 shares directly. The form was filed by one reporting person who serves as SVP, Senior Advisor to the CEO.

Positive

• Withholding was for tax obligations, not an open-market sale, indicating no immediate monetization
• Reporting person retains significant stake with 481,691 shares beneficially owned after the withholding

Negative

• Beneficial ownership decreased by 6,956 shares due to tax-withheld restricted stock

Insights

Corporate Insider Transactions Analyst

TL;DR: Withholding of vested restricted shares for taxes, not an open-market sale.

The filing documents a tax-withholding event where 6,956 restricted shares were retained at $5.01 upon vesting rather than sold on the open market. The form clarifies this is a withholding action and not a sale, so it reduces the reporter's outstanding share count but does not represent a monetization event.

This reduces direct beneficial ownership to 481,691 shares. Monitor future Form 4 entries for any open-market sales or option exercises over the next 90-180 days to see whether additional relinquishments occur.

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

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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)

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)
	SVP, Senior Advisor to the CEO

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		6,956(1)	D	$5.01	481,691	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 the MPW Form 4 filed on 10/07/2025 report?

It reported that 6,956 shares were withheld at $5.01 to satisfy tax withholding on vested restricted stock and the reporting person now beneficially owns 481,691 shares.

Was the withholding of 6,956 shares a public market sale for MPW?

No. The filing explains the withheld shares were used to satisfy tax withholding upon vesting and "does not constitute a sale transaction."

Who is the reporting person on the MPW Form 4?

The reporting person is Larry H. Portal, listed as SVP, Senior Advisor to the CEO, with an address in Birmingham, AL; the signature was made by W. Zachary Riddle by power of attorney on 10/07/2025.

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

After the withholding, the reporting person beneficially owns 481,691 shares of MPW common stock.

What transaction code was used on the Form 4 and what does it mean?

The filing shows transaction code F, which in this context records shares withheld to satisfy tax obligations upon vesting of restricted stock.