Welcome to our dedicated page for Elme Communities SEC filings (Ticker: ELME), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Elme Communities filings document the formal record of a Maryland real estate investment trust with shares of beneficial interest listed under ELME on the NYSE and a business historically centered on multifamily real estate. Recent Form 8-K and proxy-related disclosures record shareholder votes, the completed 19-property portfolio sale, the approved Plan of Sale and Liquidation, liquidating distribution disclosures, and the senior secured term loan used in connection with the wind-down.
The filing record also covers operating results, Regulation FD releases, governance changes by the Board of Trustees, executive compensation and retention arrangements, officer separation agreements, registered-security information, reserves for liabilities and liquidating expenses, and updates on remaining property-sale and liquidation activities.
ELME Communities filed a Form 8-K to furnish information about a press release issued on November 25, 2025 announcing an initial special liquidating distribution. The disclosure is made under Regulation FD, meaning the company is sharing this information broadly with the market at the same time. The press release is attached as Exhibit 99.1, while Exhibit 104 is the cover page interactive data file embedded in the Inline XBRL document.
Elme Communities reported a Form 4 for officer W. Drew Hammond, SVP, CAO & Treasurer, detailing equity awards and related tax settlements dated 11/19/2025. Hammond received 19,912 shares of common stock for the performance period beginning January 1, 2025, 19,912 shares for the period beginning January 1, 2024, and 15,414 shares for the period beginning January 1, 2023. These awards were granted under the company’s Amended and Restated Long Term Incentive Plan and were earned based on performance measures tied to the closing of a Purchase Agreement dated August 1, 2025. To cover taxes on the vested shares, Hammond had 12,183, 7,866, and 12,595 shares withheld at a price of $16.61 per share, resulting in direct beneficial ownership of 76,704 shares of Elme Communities common stock.
Elme Communities executive vice president and CFO Steven M. Freishtat reported multiple equity award transactions in common stock on 11/19/2025. He acquired 27,784 shares, 27,784 shares, and 23,292 shares of common stock at a price of $0.0 per share, reflecting awards under the company’s Amended and Restated Long Term Incentive Plan tied to performance periods beginning January 1, 2025, January 1, 2024, and January 1, 2023.
These awards were earned based on performance measures connected to the closing of a Purchase Agreement dated August 1, 2025 involving Elme Communities and several affiliated entities. On the same date, he disposed of 17,003 shares, 18,039 shares, and 11,896 shares at $16.61 per share for net share settlement of taxes on vested shares. Following these transactions, he directly beneficially owned 74,558 shares of Elme Communities common stock.
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.
Elme Communities executive Tiffany M. Butcher, EVP & COO, reported multiple equity transactions in company stock. On 11/19/2025, she acquired 52,197 shares of common stock for a 2025 performance period, 52,197 shares for a 2024 performance period, and 35,984 shares for a 2023 performance period, all at a price of $0.0 per share under the company’s Amended and Restated Long Term Incentive Plan. These awards were earned based on performance measures tied to the closing of a Purchase Agreement dated August 1, 2025 involving Elme Communities and related entities.
On the same date, she disposed of 32,018, 34,105, and 18,557 shares of common stock at $16.61 per share to cover taxes through net share settlement on vested shares. After these transactions, she beneficially owned 96,878 shares of Elme Communities common stock directly.
Elme Communities has filed updated pro forma financials reflecting its previously completed sale of Echo Sub LLC, which held 19 multifamily properties, for an aggregate contract sale price of $1.606 billion in cash, subject to customary adjustments. After this portfolio sale, Elme now owns 10 remaining properties that are expected to be sold under a Plan of Sale and Liquidation approved by shareholders on October 30, 2025. On November 12, 2025, Elme used the sale proceeds to repay or discharge all obligations under its revolving credit facility, term loan and private placement notes, and to fully defease its 7.25% senior notes due 2028. The company simultaneously entered into a new senior secured term loan of $520.0 million secured by the 10 remaining properties, and its pro forma statements show larger net losses driven mainly by property dispositions, debt extinguishment and related costs, alongside suspension of future regular quarterly dividends.
ELME Communities reported a leadership change and workforce update aligned with its wind‑down plan. On November 10, 2025, the Company and Senior Vice President and Chief Information Officer Susan Gerock agreed to a mutual separation. She resigned from all roles effective November 14, 2025 and entered into a Separation Agreement providing severance consistent with her Change in Control Agreement: 24 months of base salary continuation, annual bonus payments during that period based on her prior three‑year average (pro‑rated for partial years), and up to 18 months of COBRA premiums paid by the Company, subject to a seven‑day revocation period and standard terms.
In connection with its previously disclosed plan of sale and liquidation following the portfolio sale of 19 multifamily assets, the Company continues to reduce headcount. As of November 14, 2025, ELME has approximately 117 employees, including about 73 in community management.
Elme Communities reported insider activity by President, CEO & Chairman Paul T. McDermott. On 11/12/2025, he executed multiple Code F transactions at $16.61 per share to cover taxes via net share settlement tied to vested shares from the closing under a Purchase Agreement dated August 1, 2025. The transactions included blocks such as 48,300 shares. Following these withholdings, McDermott directly beneficially owned 569,356 shares.
Elme Communities (ELME) filed a Form 4 for insider W. Drew Hammond, SVP, CAO & Treasurer. On 11/12/2025, multiple Code F transactions were reported, reflecting shares withheld to cover taxes on vested shares tied to the closing under the Purchase Agreement dated August 1, 2025.
Transactions occurred at a price of $16.61 per share and included discrete withholdings of 905, 928, 928, 957, 957, 928, 475, and 256 shares. Following these tax-withholding events, Hammond’s directly held common stock was 54,110 shares.
Elme Communities (ELME) reported an insider transaction on a Form 4. SVP IT & CIO Susan L. Gerock had multiple tax withholdings via net share settlement on 11/12/2025 at $16.61 per share (Code F), tied to shares that vested in connection with the closing under a Purchase Agreement dated August 1, 2025. Following these transactions, she holds 66,660 shares directly. Code F indicates shares were withheld for taxes rather than sold in the open market.