Form 4 for ELME Elme Communities

Accepted 2025-02-14 00:00:00 ET · period of report 2025-02-12 · accession 0000104894-25-000018 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2025-02-14	2025-02-12	ELME	McDermott Paul T.	Pres, CEO, COB, Dir	A - Grant	$0.00	+88.1K	647.7K	+16%	$0
	2025-02-14	2025-02-12	ELME	McDermott Paul T.	Pres, CEO, COB, Dir	F - Tax	$15.23	-11.3K	669.8K	-2%	-$172.3K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-02-12	A	A	33,356	$0.00	681,074	D	—	—	(F2) Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan, effective January 1, 2020, which were earned based on the achievement of certain performance measures during the three-year performance period ended December 31, 2024.
2	Common	Common Stock	2025-02-12	A	A	54,708	$0.00	647,718	D	—	—	(F1) These shares are granted pursuant to the Elme Communities 2016 Omnibus Incentive Plan (as amended and restated effective as of May 30, 2024). These shares vest ratably over 3 years, beginning on 12/15/2025, subject to the reporting person's continued employment through each vesting date. Per the terms of the Company's Amended and Restated Long Term Incentive Plan, effective January 1, 2020, on the date Mr. McDermott becomes retirement eligible, 12/19/26, he will immediately be entitled to vest in the final tranche of these shares should he retire.
3	Common	Common Stock	2025-02-12	F	D	11,314	$15.23	669,760	D	—	—	(F3) For net share settlement of taxes on vested shares.