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

Role
EVP & CFO
Signature
By: W. Drew Hammond For: Stephen E. Riffee
Issuer symbol
ELME
Transactions as of
16 Feb 2022
Net transactions value
-$105,915
Form type
4
Filing time
17 Feb 2022, 18:27:17 UTC
Previous filing
04 Jan 2022
Next filing
19 Dec 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 +13,787 +13% $0.000000 119,400 16 Feb 2022 Direct F1
transaction ELME Common Stock Award $0 +18,355 +15% $0.000000 137,755 16 Feb 2022 Direct F2
transaction ELME Common Stock Tax liability $105,915 -4,316 -3.1% $24.54 133,439 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, 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.