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

Role
President, CEO & Chairman, Director
Signature
By: W. Drew Hammond For: Paul T. McDermott
Stock symbol
ELME
Transactions as of
Feb 14, 2023
Transactions value $
-$725,348
Form type
4
Date filed
2/16/2023, 06:50 AM
Previous filing
Jan 3, 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 +46.6K +10.34% $0.00 498K Feb 14, 2023 Direct F1
transaction ELME Common Stock Award $0 +93.2K +18.72% $0.00 591K Feb 14, 2023 Direct F2
transaction ELME Common Stock Tax liability -$725K -38.1K -6.45% $19.04 553K Feb 14, 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.