Elme Communities — Director's Dealing 2025

Feb 14, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Elme Communities (ELME)
CIK: 0000104894
Period of Report: 2025-02-12

Reporting Person: McDermott Paul T. (Director, President, CEO & Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-12	Common Stock	A	54708	$0.0	Acquired	647718	Direct
2025-02-12	Common Stock	A	33356	$0.0	Acquired	681074	Direct
2025-02-12	Common Stock	F	11314	$15.23	Disposed	669760	Direct

Footnotes

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.

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.

F3: For net share settlement of taxes on vested shares.