Paul T. McDermott - Feb 14, 2024 Form 4 Insider Report for Elme Communities (ELME)

Role
President, CEO & Chairman, Director
Signature
By: W. Drew Hammond For: Paul T. McDermott
Stock symbol
ELME
Transactions as of
Feb 14, 2024
Transactions value $
-$177,938
Form type
4
Date filed
2/16/2024, 04:19 PM
Previous filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ELME Common Stock Award $0 +56.4K +10.57% $0.00 590K Feb 14, 2024 Direct F1
transaction ELME Common Stock Award $0 +37K +6.27% $0.00 627K Feb 14, 2024 Direct F2
transaction ELME Common Stock Tax liability -$178K -12.5K -2% $14.21 615K Feb 14, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are restricted shares granted for 2024 pursuant to the Company's 2016 Omnibus Incentive Plan. These shares vest ratably over 3 years on 12/15/2024, 12/15/2025 and 12/15/2026, subject to the reporting person's continued employment through each vesting date.
F2 Restricted Shares that vested on 2/14/2024
F3 For net share settlement of taxes on vested shares.