0000950170-24-030343.txt : 20240312
0000950170-24-030343.hdr.sgml : 20240312
20240312203321
ACCESSION NUMBER: 0000950170-24-030343
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240308
FILED AS OF DATE: 20240312
DATE AS OF CHANGE: 20240312
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Aldag Edward K JR
CENTRAL INDEX KEY: 0001331608
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32559
FILM NUMBER: 24744233
MAIL ADDRESS:
STREET 1: 1000 URBAN CENTER DRIVE
STREET 2: SUITE 501
CITY: BIRMINGHAM
STATE: AL
ZIP: 35242
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MEDICAL PROPERTIES TRUST INC
CENTRAL INDEX KEY: 0001287865
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1000 URBAN CENTER DRIVE
STREET 2: SUITE 501
CITY: BIRMINGHAM
STATE: AL
ZIP: 35242
BUSINESS PHONE: 205-969-3755
MAIL ADDRESS:
STREET 1: 1000 URBAN CENTER DRIVE
STREET 2: SUITE 501
CITY: BIRMINGHAM
STATE: AL
ZIP: 35242
4
1
ownership.xml
4
X0508
4
2024-03-08
false
0001287865
MEDICAL PROPERTIES TRUST INC
MPW
0001331608
Aldag Edward K JR
1000 URBAN CENTER DRIVE
SUITE 501
BIRMINGHAM
AL
35242
true
true
false
false
Chairman, President & CEO
false
Common stock, par value $0.001
2024-03-08
4
A
false
873206
0
A
5080457
D
Restricted common stock units
0
2024-03-08
4
A
false
1800000
0
A
Common stock, par value $0.001
1800000
1800000
D
Shares vest ratably at the beginning of each of the 12 calendar quarters beginning April 1, 2024.
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).
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.
W. Zachary Riddle, by power of attorney
2024-03-12