Drew Hammond - Sep 19, 2023 Form 4 Insider Report for Elme Communities (ELME)

Role: SVP, CAO & Treasurer
Signature: W. Drew Hammond
Stock symbol: ELME
Transactions as of: Sep 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/21/2023, 04:17 PM
Previous filing: Feb 16, 2023
Next filing: Dec 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELME	Common Stock	Award	$0	+2.3K	+4.81%	$0.00	50.1K	Sep 19, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These are Restricted Shares granted pursuant to the Washington Real Estate Investment Trust 2016 Omnibus Incentive Plan as a result of an increase in Mr. Hammond's LTIP target award for the remaining portion of 2023 LTIP performance period in connection with his appointment to Chief Administrative Officer on September 19, 2023. 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.

Content

These are Restricted Shares granted pursuant to the Washington Real Estate Investment Trust 2016 Omnibus Incentive Plan as a result of an increase in Mr. Hammond's LTIP target award for the remaining portion of 2023 LTIP performance period in connection with his appointment to Chief Administrative Officer on September 19, 2023. 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.