Paul T. McDermott - Feb 16, 2022 Form 4 Insider Report for WASHINGTON REAL ESTATE INVESTMENT TRUST (ELME)

Role
President, CEO & Chairman, Director
Signature
By: W. Drew Hammond For: Paul T. McDermott
Stock symbol
ELME
Transactions as of
Feb 16, 2022
Transactions value $
-$273,376
Form type
4
Date filed
2/17/2022, 06:26 PM
Previous filing
Jan 4, 2022
Next filing
Jun 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELME Common Stock Award $0 +31.6K +8.72% $0.00 394K Feb 16, 2022 Direct F1
transaction ELME Common Stock Award $0 +44.4K +11.28% $0.00 438K Feb 16, 2022 Direct F2
transaction ELME Common Stock Tax liability -$273K -11.1K -2.54% $24.54 427K 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 on 12/15/22, 12/15/23 and 12/15/24, subject to the reporting person's continued employment through each vesting date.
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.