Paul T. McDermott - 16 Feb 2022 Form 4 Insider Report for WASHINGTON REAL ESTATE INVESTMENT TRUST (ELME)

Role
President, CEO & Chairman, Director
Signature
By: W. Drew Hammond For: Paul T. McDermott
Issuer symbol
ELME
Transactions as of
16 Feb 2022
Net transactions value
-$273,376
Form type
4
Filing time
17 Feb 2022, 18:26:39 UTC
Previous filing
04 Jan 2022
Next filing
02 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELME Common Stock Award $0 +31,597 +8.7% $0.000000 393,746 16 Feb 2022 Direct F1
transaction ELME Common Stock Award $0 +44,419 +11% $0.000000 438,165 16 Feb 2022 Direct F2
transaction ELME Common Stock Tax liability $273,376 -11,140 -2.5% $24.54 427,025 16 Feb 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are Restricted Share Awards granted for 2022 pursuant to the Washington Real Estate Investment Trust 2016 Omnibus Incentive Plan. These shares vest ratably over 3 years on 12/15/22, 12/15/23 and 12/15/24, subject to the reporting person's continued employment through each vesting date.
F2 Restricted Share Award that vested 75% on 2/16/22 and will vest 25% on 12/31/22.
F3 For net share settlement of taxes on vested shares.