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Shareholders' Equity
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders' Equity
Common Share Awards:
During the nine months ended September 30, 2020, we awarded our common shares, valued at the closing price of our common shares on Nasdaq on the applicable award date, as follows:
Date AwardedNumber of SharesPrice per Share
May 19, 2020 (1)
60,000 $2.94 
September 17, 2020 (2)
360,000 $3.77 
(1)In accordance with our Trustee compensation arrangements, we awarded to each of our six Trustees 10,000 of our common shares.
(2)We awarded under our equity compensation plan an aggregate of 360,000 of our common shares to our officers and certain other employees of RMR LLC.
Common Share Purchases:
During the nine months ended September 30, 2020, we purchased our common shares 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, valued at the closing price of our common shares on Nasdaq on the purchase dates, as follows:
Date PurchasedNumber of SharesPrice per Share
January 9, 20201,938 $8.10 
March 13, 20201,500 $3.79 
June 30, 20201,757 $4.43 
September 21, 202042,180 $3.38 
Distributions:
During the nine months ended September 30, 2020, we declared and paid quarterly distributions to common shareholders as follows:
Record DatePayment DateDistribution Per ShareTotal Distributions
January 27, 2020February 20, 2020$0.15 $35,684 
April 13, 2020May 21, 2020$0.01 $2,379 
July 27, 2020August 20, 2020$0.01 $2,380 
On October 15, 2020, we declared a quarterly distribution payable to our common shareholders of record on October 26, 2020 in the amount of $0.01 per share, or approximately $2,382. We expect to pay this distribution on or about November 19, 2020.
As described in Note 10, pursuant to the Transaction Agreement, on January 1, 2020, Five Star issued an aggregate of 16,118,849 of its common shares, with a value of $59,801, to our shareholders of record as of December 13, 2019. We recorded this issuance as a non-cash distribution in our condensed consolidated financial statements.