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

Role: SVP, CAO & Treasurer
Signature: W. Drew Hammond
Issuer symbol: ELME
Transactions as of: 19 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Sep 2023, 16:17:05 UTC
Previous filing: 16 Feb 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	+2,298	+4.8%	$0.000000	50,080	19 Sep 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.