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Elme Communities (ELME) CEO discloses incentive stock and tax sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Elme Communities President, CEO & Chairman Paul T. McDermott reported several equity transactions in company common stock. On 11/19/2025, he acquired 149,006 shares, another 149,006 shares, and 120,966 shares at a price of $0.0 per share under the company’s Amended and Restated Long Term Incentive Plan. These shares were earned for performance periods beginning January 1, 2025, January 1, 2024, and January 1, 2023, tied to performance measures related to a Purchase Agreement dated August 1, 2025.

On the same date, he disposed of 71,970 shares, another 71,970 shares, and 58,427 shares of common stock at $16.61 per share in transactions classified as code “F,” which were for net share settlement of taxes on vested shares. After these transactions, he continued to hold a substantial direct ownership position in Elme Communities common stock.

Positive

  • None.

Negative

  • None.
Insider McDermott Paul T.
Role President, CEO & Chairman
Type Security Shares Price Value
Grant/Award Common Stock 149,006 $0.00 --
Grant/Award Common Stock 149,006 $0.00 --
Grant/Award Common Stock 120,966 $0.00 --
Tax Withholding Common Stock 71,970 $16.61 $1.20M
Tax Withholding Common Stock 71,970 $16.61 $1.20M
Tax Withholding Common Stock 58,427 $16.61 $970K
Holdings After Transaction: Common Stock — 718,362 shares (Direct)
Footnotes (1)
  1. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2025, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2024, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2023, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC. For net share settlement of taxes on vested shares.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McDermott Paul T.
(Last) (First) (Middle)
7550 WISCONSIN AVE, SUITE 900
(Street)
BETHESDA MD 20814
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Elme Communities [ ELME ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President, CEO & Chairman
3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/19/2025 A 149,006(1) A $0.0 718,362 D
Common Stock 11/19/2025 A 149,006(2) A $0.0 867,368 D
Common Stock 11/19/2025 A 120,966(3) A $0.0 988,334 D
Common Stock 11/19/2025 F 71,970(4) D $16.61 916,364 D
Common Stock 11/19/2025 F 71,970(4) D $16.61 844,394 D
Common Stock 11/19/2025 F 58,427(4) D $16.61 785,967 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2025, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.
2. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2024, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.
3. Represents shares received pursuant to the Company's Amended and Restated Long Term Incentive Plan for the performance period which began on January 1, 2023, which were earned based on the achievement of certain performance measures in connection with the closing under that certain Purchase Agreement, dated as of August 1, 2025, by and among Elme Communities, WashREIT OP LLC, Echo Sub LLC, CEVF VI Capitol Holdings, LLC and CEVF VI Co-Invest I Venture, LLC.
4. For net share settlement of taxes on vested shares.
By: W. Drew Hammond For: Paul T. McDermott 11/21/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Elme Communities (ELME) CEO Paul T. McDermott report on this Form 4?

Paul T. McDermott reported multiple equity transactions in Elme Communities common stock on 11/19/2025, including stock awards under the long-term incentive plan and share disposals for tax withholding.

How many Elme Communities shares did the CEO receive as stock awards?

On 11/19/2025, he received 149,006 shares, another 149,006 shares, and 120,966 shares of common stock at a price of $0.0 per share under the Amended and Restated Long Term Incentive Plan.

What performance periods were tied to the Elme Communities stock awards?

The awards relate to performance periods beginning on January 1, 2025, January 1, 2024, and January 1, 2023, earned based on performance measures connected to a Purchase Agreement dated August 1, 2025.

Why did the Elme Communities CEO dispose of shares at $16.61 per share?

He disposed of 71,970 shares, another 71,970 shares, and 58,427 shares of common stock at $16.61 per share as code “F” transactions, which were for net share settlement of taxes on vested shares.

What is the relationship of Paul T. McDermott to Elme Communities (ELME)?

He is reported as a Director and an Officer, serving as President, CEO & Chairman of Elme Communities.

Does this Form 4 involve derivative securities of Elme Communities?

The table for derivative securities is present but shows no specific derivative transactions reported for this date.