Paul T. McDermott - 14 Feb 2023 Form 4 Insider Report for Elme Communities (ELME)

Role
President, CEO & Chairman, Director
Signature
By: W. Drew Hammond For: Paul T. McDermott
Issuer symbol
ELME
Transactions as of
14 Feb 2023
Net transactions value
-$725,348
Form type
4
Filing time
16 Feb 2023, 06:50:09 UTC
Previous filing
03 Jan 2023
Next filing
19 Dec 2023
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 +46,636 +10% $0.000000 497,551 14 Feb 2023 Direct F1
transaction ELME Common Stock Award $0 +93,156 +19% $0.000000 590,707 14 Feb 2023 Direct F2
transaction ELME Common Stock Tax liability $725,348 -38,096 -6.4% $19.04 552,611 14 Feb 2023 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 2023 pursuant to the Washington Real Estate Investment Trust 2016 Omnibus Incentive Plan. These shares vest ratably over 3 years on 12/15/23, 12/15/24 and 12/15/25, subject to the reporting person's continued employment through each vesting date.
F2 Restricted Share Awards that vested on 2/14/23.
F3 For net share settlement of taxes on vested shares.