XML 29 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Shareholders' Equity
 9 Months Ended
Sep. 30, 2021
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders' Equity
Common Share Awards:
On June 3, 2021, in accordance with our Trustee compensation arrangements, we awarded to each of our six Trustees 20,000 of our common shares, valued at $3.70 per share, the closing price of our common shares on Nasdaq on that day.
On September 15, 2021, we awarded under our equity compensation plan an aggregate of 718,000 of our common shares, valued at $3.41 per share, the closing price of our common shares on Nasdaq on that day, to our officers and certain other employees of RMR LLC.
Common Share Repurchases:
During the three and nine months ended September 30, 2021, we purchased an aggregate of 94,937 and 108,843 of our common shares, respectively, valued at a weighted average share price of $3.39 and $3.49 per share, respectively, from our officers and certain current and former officers and employees of RMR LLC in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares.
Distributions:
During the nine months ended September 30, 2021, we declared and paid quarterly distributions to common shareholders as follows:
Declaration DateRecord DatePayment DateDistribution Per ShareTotal Distributions
January 14, 2021January 25, 2021February 18, 2021$0.01 $2,383 
April 15, 2021April 26, 2021May 20, 20210.01 2,383 
July 15, 2021July 26, 2021August 19, 20210.01 2,384 
$0.03 $7,150 
On October 14, 2021, we declared a quarterly distribution to common shareholders of record on October 25, 2021 of $0.01 per share, or approximately $2,390 in aggregate. We expect to pay this distribution on or about November 18, 2021.