[Form 4] Global Medical REIT Inc. Insider Trading Activity
Rhea-AI Filing Summary
KIERNAN ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
Chiron Real Estate Inc. reported that its CFO and Treasurer, Robert J. Kiernan, received equity incentive awards in the form of LTIP Units in Chiron Real Estate LP, the company’s operating partnership. On February 24, 2026, he was granted 10,385 and 3,492 LTIP Units at a grant price of $0.00 per unit under the 2016 Equity Incentive Plan.
According to the award terms, all of these LTIP Units are scheduled to vest on February 24, 2029, if he remains employed through that date. Once vested and after achieving capital account parity under the partnership agreement, the LTIP Units may be exchanged for cash or, at the issuer’s election, for common stock on a one-for-one basis. The amounts shown already reflect the company’s prior 1‑for‑5 reverse stock split.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Unit (Right to Buy) | 10,385 | $0.00 | $0.00 |
| Grant/Award | LTIP Unit (Right to Buy) | 3,492 | $0.00 | $0.00 |
Footnotes (4)
- F1. Represents units of limited partnership interest ("LTIP Units") in Chiron Real Estate LP (the "OP"), the operating partnership of the Issuer. All of the LTIP Units vest on February 24, 2029, 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.
- F2. 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.
- F3. Represents LTIP Units in the OP. The Issuer's Board of Directors determined that on February 24, 2026, 50% of the LTIP Units became vested and nonforfeitable as a result of meeting certain market-based performance criteria as of December 31, 2025 and February 24, 2026 and 50% of the LTIP Units will vest on February 24, 2027 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.
- F4. On September 19, 2025, the Issuer effected a reverse stock split of the Issuer's issued and outstanding shares of common stock at a ratio of 1-for-5. As a result, the amount of LTIP Units reflected in this filing is on a post-split adjusted basis.
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