Edward K. Aldag JR - Mar 8, 2024 Form 4 Insider Report for MEDICAL PROPERTIES TRUST INC (MPW)

Role
Chairman, President & CEO, Director
Signature
W. Zachary Riddle, by power of attorney
Stock symbol
MPW
Transactions as of
Mar 8, 2024
Transactions value $
$0
Form type
4
Date filed
3/12/2024, 08:33 PM
Previous filing
Jan 8, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MPW Common stock, par value $0.001 Award $0 +873K +20.75% $0.00 5.08M Mar 8, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MPW Restricted common stock units Award $0 +1.8M $0.00 1.8M Mar 8, 2024 Common stock, par value $0.001 1.8M $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares vest ratably at the beginning of each of the 12 calendar quarters beginning April 1, 2024.
F2 The restricted stock units were granted under the Medical Properties Trust, Inc. Amended and Restated 2019 Equity Incentive Plan and will be earned based on the achievement of specified increases in the price of the Company's common stock during the four-year period following March 8, 2024 (the "Grant Date") as follows: (i) if the Company's share price increases to $7.00, 100% of the restricted stock units will be earned; (ii) if the Company's share price increases to $8.50, 200% of the restricted stock units will be earned; and (iii) if the Company's share price increases to $10.00, 300% of the restricted stock units will be earned. The actual number of restricted stock units to be earned will be determined based on the trailing 20-trading day average closing price of the Company's common stock (continued on footnote 3).
F3 Earned restricted stock units will be settled in cash in equal quarterly installments over two years following the date the restricted stock units are earned, subject to the grantee's continued employment through such date, provided that all unsettled earned restricted stock units will be settled in cash in full on the date that the Compensation Committee makes the final determination regarding achievement of the performance metrics following the end of the four year performance period. Each restricted stock unit will be settled in cash based on the value of a share of common stock.