Paul T. McDermott - 12 Feb 2025 Form 4 Insider Report for Elme Communities (ELME)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELME	Common Stock	Award	$0	+54,708	+9.2%	$0.000000	647,718	12 Feb 2025	Direct	F1
transaction	ELME	Common Stock	Award	$0	+33,356	+5.1%	$0.000000	681,074	12 Feb 2025	Direct	F2
transaction	ELME	Common Stock	Tax liability	$172,312	-11,314	-1.7%	$15.23	669,760	12 Feb 2025	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
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.