Elme Communities insider grant: 1,556.94 RSUs recorded for director

Rhea-AI Filing Summary

Benjamin S. Butcher, a director of Elme Communities (ELME), reported an insider acquisition on 09/30/2025. The filing shows 1,556.94 Restricted Share Units (RSUs) granted under the companys 2016 Incentive Plan and Deferred Compensation Plan for Directors; the grant was recorded at a $0.00 price and is valued using the closing price on 09/30/2025 of $16.86. The units settle only in stock. Following the reported transactions, Mr. Butcher beneficially owns 95,126.4513 shares. The filing also notes 1,012.567 dividend equivalent units were received during Q3 2025 under the Deferred Compensation Plan for Directors. The form is dated 09/30/2025 and signed on 10/01/2025.

Positive

• Receipt of 1,556.94 RSUs under the 2016 Incentive Plan and Deferred Compensation Plan for Directors
• Units settle only in stock, simplifying dilution and settlement mechanics to equity issuance
• 1,012.567 dividend equivalent units credited in Q3 2025 under the Deferred Compensation Plan for Directors
• Beneficial ownership disclosed fully: 95,126.4513 shares after the transaction

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received RSUs and dividend equivalents, modest insider acquisition recorded, no cash purchase or sale.

The Form 4 shows a non-cash grant of 1,556.94 RSUs valued at the closing price of $16.86 on 09/30/2025, with the units settling in stock. This increases the reporting person's beneficial ownership to 95,126.4513 shares. The disclosure is routine compensation-related insider activity rather than an open-market trade, so it does not directly change the companys cash position or indicate a buying/selling signal. The additional 1,012.567 dividend equivalent units reflect deferred compensation mechanics rather than separate investment purchases.

Corporate Governance Expert

TL;DR: Grant appears to be standard director compensation under existing plans; disclosure is timely and consistent with Section 16 rules.

The filing identifies the relationship as Director and shows awards under the 2016 Incentive Plan (amended May 30, 2024) and the Deferred Compensation Plan for Directors. The RSUs settle only in stock and the form discloses dividend equivalent units credited in Q3 2025. The Form 4 was executed by an authorized signer and filed promptly. There are no indicated amendments, disposals, or derivative positions in this report.

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).

1. Name and Address of Reporting Person^*

Butcher Benjamin S

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		A		1,556.94(1)	A	$0.0	95,126.4513(2)	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. These are Restricted Share Units granted pursuant to the Elme Communities 2016 Incentive Plan (as amended and restated effective as of May 30, 2024) and the Company's Deferred Compensation Plan for Directors - the number of shares awarded is based on the closing price on 9/30/2025 of $16.86. The units settle only in stock.

2. Reflects the acquisition of 1,012.567 dividend equivalent units received during the third quarter of 2025 pursuant to the Company's Deferred Compensation Plan for Directors.

	By: W. Drew Hammond For: Benjamin S. Butcher	10/01/2025
	** 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.

FAQ

What did Benjamin S. Butcher report in the Form 4 for ELME?

The Form 4 reports a grant of 1,556.94 Restricted Share Units (RSUs) on 09/30/2025 and the crediting of 1,012.567 dividend equivalent units during Q3 2025; beneficial ownership after the transaction is 95,126.4513 shares.

What price was used to value the RSU grant reported on 09/30/2025?

The number of RSUs was determined using the closing price on 09/30/2025 of $16.86 and the transaction is recorded at a $0.00 cash price because it is a grant.

Are the reported units cash-settled or stock-settled?

The filing states the units settle only in stock.

What is the reporting person's relationship to Elme Communities?

The reporting person, Benjamin S. Butcher, is reported as a Director of Elme Communities.

When was the Form 4 filed or signed?

The transaction date is 09/30/2025 and the form was signed by an authorized signer on 10/01/2025.