Stephen E. Riffee - Feb 16, 2022 Form 4 Insider Report for WASHINGTON REAL ESTATE INVESTMENT TRUST (ELME)

Role
EVP & CFO
Signature
By: W. Drew Hammond For: Stephen E. Riffee
Stock symbol
ELME
Transactions as of
Feb 16, 2022
Transactions value $
-$105,915
Form type
4
Date filed
2/17/2022, 06:27 PM
Previous filing
Jan 4, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELME Common Stock Award $0 +13.8K +13.05% $0.00 119K Feb 16, 2022 Direct F1
transaction ELME Common Stock Award $0 +18.4K +15.37% $0.00 138K Feb 16, 2022 Direct F2
transaction ELME Common Stock Tax liability -$106K -4.32K -3.13% $24.54 133K Feb 16, 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, beginning on 12/15/22 subject to the reporting person's continued employment through each vesting date. The vesting of the final two tranches of these awards will accelerate on his retirement eligibility date, 2/02/23, per the terms of the Washington Real Estate Investment Trust 2016 Omnibus Incentive Plan.
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.