Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-28

Elme Communities (ELME)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,980,371
Paul McDermott total, FY2024
60th
CEO pay percentile vs peers
52:1
CEO-to-median pay ratio
92.97%
Say-on-pay support, latest vote
Companies that benchmark against ELME
12 companies name ELME as a compensation peer

Each company listed discloses ELME in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ELME in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Paul McDermott$750,000$0$2,081,671$0$990,000$0$158,700$3,980,371
President and Chief Executive Officer
Tiffany Butcher425,0000773,6820439,238075,2001,713,120
Executive Vice President and Chief Operating Officer
Steven Freishtat325,0000416,7780254,150061,6621,057,590
Executive Vice President and Chief Financial Officer
Susan Gerock315,0000426,7710218,768054,4361,014,975
Senior Vice President and Chief Information Officer
William Hammond315,0000298,8940212,468055,386881,748
Senior Vice President Chief Administrative Officer and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Paul McDermott$3,980,371$3,707,826$5,279,117+272,545
Tiffany Butcher1,713,1201,010,347+702,773
Steven Freishtat1,057,590973,809+83,781
Susan Gerock1,014,975968,760968,238+46,215
William Hammond881,748725,809+155,939

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jennifer S. BannerDirector2025-05-15A3,082$0$0CommonForm 4 ↗
Ellen M. GoitiaDirector2025-05-15A3,08200CommonForm 4 ↗
Thomas H. Nolan, JrDirector2025-05-15A3,08200CommonForm 4 ↗
Susan CarrasDirector2025-05-15A3,08200CommonForm 4 ↗
Benjamin S. ButcherDirector2025-05-15A3,08200CommonForm 4 ↗
Ron D. SturzeneggerDirector2025-05-15A48900CommonForm 4 ↗
Anthony L. WinnsDirector2025-05-15A3,08200CommonForm 4 ↗
Benjamin S. ButcherDirector2025-06-30A1,650.9400CommonForm 4 ↗
Jennifer S. BannerDirector2025-06-30A864.7800CommonForm 4 ↗
Ron D. SturzeneggerDirector2025-06-30A999.8300CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-07-10D6731610,963CommonForm 4 ↗
Benjamin S. ButcherDirector2025-09-30A1,556.9400CommonForm 4 ↗
Jennifer S. BannerDirector2025-09-30A815.5400CommonForm 4 ↗
Ron D. SturzeneggerDirector2025-09-30A815.5400CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D2,3781739,499CommonForm 4 ↗
Susan GerockSVP IT & CIO2025-11-12D1,2321720,464CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D8,80817146,301CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D8,80817146,301CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D8,80817146,301CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D9,08617150,918CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D9571715,896CommonForm 4 ↗
Susan GerockSVP IT & CIO2025-11-12D1,0191716,926CommonForm 4 ↗
Susan GerockSVP IT & CIO2025-11-12D1,1951719,849CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D1,3331722,141CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D1,2921721,460CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D1,2921721,460CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D1,3331722,141CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D7211711,976CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D6731711,179CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D3,2651754,232CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D9281715,414CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D9571715,896CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D9281715,414CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D475177,890CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D256174,252CommonForm 4 ↗
Susan GerockSVP IT & CIO2025-11-12D1,1951719,849CommonForm 4 ↗
Susan GerockSVP IT & CIO2025-11-12D1,1951719,849CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D1,2921721,460CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-12D1,1011718,288CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D7041711,693CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D9721716,145CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D9,08517150,902CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D7,50917124,724CommonForm 4 ↗
Paul T. McDermottDirector2025-11-12D48,30017802,263CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D9051715,032CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-12D9281715,414CommonForm 4 ↗
Susan GerockSVP IT & CIO2025-11-12D1,2331720,480CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D2,4531740,744CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D2,4531740,744CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-12D3,4491757,288CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-19A52,19700CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-19A52,19700CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-19D34,10517566,484CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-19D18,55717308,232CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-19A23,29200CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-19D11,89617197,593CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-19D12,18317202,360CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-19A19,91200CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-19A19,91200CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-19D7,86617130,654CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-19D12,59517209,203CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-19A27,78400CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-19A35,98400CommonForm 4 ↗
William HammondSVP, CAO & Treasurer2025-11-19A15,41400CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-19A27,78400CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-19D17,00317282,420CommonForm 4 ↗
Paul T. McDermottDirector2025-11-19A149,00600CommonForm 4 ↗
Paul T. McDermottDirector2025-11-19A120,96600CommonForm 4 ↗
Paul T. McDermottDirector2025-11-19D58,42717970,472CommonForm 4 ↗
Tiffany Michelle ButcherEVP & COO2025-11-19D32,01817531,819CommonForm 4 ↗
Steven FreishtatEVP & CFO2025-11-19D18,03917299,628CommonForm 4 ↗
Paul T. McDermottDirector2025-11-19A149,00600CommonForm 4 ↗
Paul T. McDermottDirector2025-11-19D71,970171,195,422CommonForm 4 ↗
Paul T. McDermottDirector2025-11-19D71,970171,195,422CommonForm 4 ↗
Ron D. SturzeneggerDirector2025-12-15A2,88300CommonForm 4 ↗
Susan CarrasDirector2025-12-15A2,88300CommonForm 4 ↗
Ellen M. GoitiaDirector2025-12-15A2,88300CommonForm 4 ↗
Benjamin S. ButcherDirector2025-12-15A2,88300CommonForm 4 ↗
Jennifer S. BannerDirector2025-12-15A2,88300CommonForm 4 ↗
Anthony L. WinnsDirector2025-12-15A2,88300CommonForm 4 ↗
Thomas H. Nolan, JrDirector2025-12-15A2,88300CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William HammondPSU2024-02-1494,500176,432189,000$176,432
Tiffany M. ButcherPSU2024-02-14199,750459,740395,250459,740
Steven FreishtatPSU2024-02-14133,250246,201243,750246,201
Susan GerockPSU2024-02-14110,250252,258204,750252,258
Paul McDermottPSU2024-02-14472,5001,279,815937,5001,279,815
Steven FreishtatRSU2024-02-1412,004170,577170,577170,577
William HammondRSU2024-02-148,618122,462122,462122,462
Susan GerockRSU2024-02-1412,281174,513174,513174,513
Tiffany M. ButcherRSU2024-02-1422,093313,942313,942313,942
Paul McDermottRSU2024-02-1456,429801,856801,856801,856
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Hammond$122,462$176,432$059.0%
Tiffany M. Butcher313,942459,740059.4%
Steven Freishtat170,577246,201059.1%
Susan Gerock174,513252,258059.1%
Paul McDermott801,8561,279,815061.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
ButcherRSU23,801$363,441
Steven FreishtatPSU20,858318,500
Steven FreishtatRSU13,473205,733
Paul McDermottPSU101,5721,551,000
ButcherPSU35,324539,404
Susan GerockRSU11,570176,674
William HammondRSU10,650162,626
Paul McDermottRSU153,1642,338,814
Susan GerockPSU21,289325,080
William HammondPSU14,378219,555
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary goals of our executive compensation program are to attract and retain the best executive talent while aligning the interests of our executives with those of our shareholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFerguson Partners Consulting L.P.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-3064,874,8554,908,498173,96892.97%Passed
20242024-05-3069,677,1663,226,286198,29295.57%Passed
20232023-05-2570,872,7084,056,204182,56194.59%Passed
20222022-05-2669,390,4652,411,369244,48296.64%Passed
20212021-05-2768,584,6271,303,735344,00298.13%Passed
20202020-05-2865,972,1441,037,564255,59098.45%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-10-3092.97%a
20242024-05-3095.57%b
20232023-05-2594.59%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Vote Required to Adopt the Proposal Effect of Abstentions Effect of Broker Non-Votes Proposal 1: Election of Trustees For, Against or Abstain on each Trustee Nominee FOR each Trustee Nominee Majority of votes cast (per Trustee) No effect No effect Proposal 2: Advisory Vote on Named Executive Officer Compensation For, Against or Abstain FOR Majority of votes cast No effect No effect Proposal 3: Approval of the Amendment and Restatement of the 2016 Omnibus Incentive Plan For, Against or Abstain FOR Majority of votes cast No effect No effect Proposal 4: Ratification of the Appointment of Ernst & Young LLP For, Against or Abstain FOR Majority of votes cast No effect Brokers have he NEO compensation as disclosed in this Proxy Statement, we will consider our shareholders' concerns and the Compensation Committee will evaluate whether any actions are necessary to address those concerns.”.

c. Approved under the standard stated in the filing — “Vote Required to Adopt the Proposal Effect of Abstentions Effect of Broker Non-Votes Proposal 1: Election of Trustees For, Against or Abstain on each Trustee Nominee FOR each Trustee Nominee Majority of votes cast (per Trustee) No effect No effect Proposal 2: Advisory Vote on Named Executive Officer Compensation For, Against or Abstain FOR Majority of votes cast No effect No effect Proposal 3: Advisory Vote on the Frequency of the Advisory Vote on Executive Compensation 1 Year, 2 Years, 3 Years or Abstain ONE YEAR Option receiving the highest number of votes cast No effect No effect Proposal 4: Ratification of the Appointment of Ernst & Young LLP For, Against or Abstain FOR M he NEO compensation as disclosed in this Proxy Statement, we will consider our shareholders' concerns and the Compensation Committee will evaluate whether any actions are necessary to address those concerns.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)52 : 1
CEO total compensation$3,980,371
Median employee compensation$75,999
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Benjamin S. ButcherNot independent · Lead Independent Director · Compensation · Corporate Governance/Nominating$122,500$99,974$0$222,474
Ellen M. GoitiaIndependent · Audit (Chair) · Corporate Governance/Nominating82,50099,9740182,474
Thomas H. Nolan, JrNot independent · Compensation (Chair)80,00099,9740179,974
Vice Adm. Anthony L. Winns (RET.)Independent · Corporate Governance/Nominating (Chair)76,50099,974000176,474
Jennifer S. BannerIndependent · Audit · Compensation72,50099,9740172,474
Susan CarrasIndependent · Audit · Compensation70,00099,9740169,974
Ron D. SturzeneggerIndependent · Audit · Governance · Partial-year service · Newly elected000000
Paul T. McDermottEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$55,000
Annual equity retainer$100,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 14,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$504,000
Equity awards (grant-date value)$599,844
All other compensation$0
Total cost of the board$1,103,844

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Elme Communities names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Elme Communities.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Apartment Investment and Management Company2025Wes Powell$700,000$2,956,757$0$1,841,595$10,762,352
2Brandywine Realty Trust2025Gerard Sweeney800,0003,472,94001,520,0005,812,631
3Elme Communities2024Paul McDermott750,0002,081,6710990,0003,980,371
4CTO Realty Growth, Inc.2025John Albright870,0001,778,42101,239,7503,905,735
5Centerspace2025Anne Olson600,0001,391,37801,096,3193,105,197
6UMH Properties, Inc.2025Samuel Landy842,6001,599,9980315,7502,909,784

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Elme Communitiesnot disclosednot disclosednot disclosedFerguson Partners Consulting L.P.
Apartment Investment and Management Company175.39%PSU 67 · RSU 33NoFerguson Partners
Brandywine Realty Trust95%RSU 50 · PSU 50NoPay Governance LLC
Centerspace182.7%RSU 50 · PSU 50Yes — TSR relative to FTSE Nareit Equity IndexFerguson Partners Consulting L.P.
CTO Realty Growth, Inc.150%PSU 61 · RSU 39Yes — Relative TSRFerguson Partners Consulting
UMH Properties, Inc.100%MSU 34 · RSU 33 · PSU 33Yes — Relative TSR vs MSCI US REIT IndexKorn Ferry

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Elme Communities in fiscal 2024?
As disclosed, the highest-paid executive at Elme Communities in fiscal 2024 was Paul McDermott, President and Chief Executive Officer, with total compensation of $3,980,371.
How does Elme Communities's chief executive pay compare to its disclosed peer group?
The filing shows that Elme Communities's chief executive pay was at the 60th percentile of its disclosed peer group.
What is Elme Communities's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 52:1.
How did shareholders vote on Elme Communities's executive compensation?
Shareholders supported the executive compensation plan with 92.97% of votes cast in favor.
How much does Elme Communities spend in total on board compensation for fiscal 2024?
The company reported total board compensation for fiscal 2024 as $1,103,844.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Paul McDermottDEF 14A2025-04-170000104894-25-000041Section “Summary Compensation Table” · page 63. As printed: 3,980,371. Filing ↗machine: r3 · c27 · span 631991–632000
2Section 01, Tiffany ButcherDEF 14A2025-04-170000104894-25-000041Section “Summary Compensation Table” · page 63. As printed: 1,713,120. Filing ↗machine: r12 · c27 · span 644926–644935
3Section 01, Steven FreishtatDEF 14A2025-04-170000104894-25-000041Section “Summary Compensation Table” · page 63. As printed: 1,057,590. Filing ↗machine: r9 · c27 · span 639813–639822
4Section 01, Susan GerockDEF 14A2025-04-170000104894-25-000041Section “Summary Compensation Table” · page 63. As printed: 1,014,975. Filing ↗machine: r18 · c27 · span 650967–650976
5Section 01, William HammondDEF 14A2025-04-170000104894-25-000041Section “Summary Compensation Table” · page 63. As printed: 881,748. Filing ↗machine: r21 · c27 · span 657513–657520
6Section 03, William Hammond PSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r22 · c5 · span 758120–758126
7Section 03, Tiffany M. Butcher PSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r17 · c1 · span 749655–749662
8Section 03, Steven Freishtat PSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r13 · c5 · span 742398–742405
9Section 03, Susan Gerock PSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r20 · c1 · span 754861–754868
10Section 03, Paul McDermott PSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t41 · r2 · c2 · span 527951–527958
11Section 03, Steven Freishtat RSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r9 · c5 · span 701522–701529
12Section 03, William Hammond RSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r21 · c5 · span 717461–717468
13Section 03, Susan Gerock RSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r21 · c10 · span 756979–756986
14Section 03, Tiffany M. Butcher RSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t50 · r12 · c5 · span 706143–706150
15Section 03, Paul McDermott RSUDEF 14A2025-04-170000104894-25-000041Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t51 · r7 · c10 · span 739065–739072
16Section 07, pay ratioDEF 14A2025-04-170000104894-25-000041Section “CEO Pay Ratio”. As printed: 52 : 1. Filing ↗machine: span 1000514–1000521
17Section 08, Benjamin S. ButcherDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 222,474. Filing ↗
18Section 08, Ellen M. GoitiaDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 182,474. Filing ↗
19Section 08, Thomas H. Nolan, JrDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 179,974. Filing ↗
20Section 08, Vice Adm. Anthony L. Winns (RET.)DEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 176,474. Filing ↗machine: t23 · r8 · c4 · span 335488–335495
21Section 08, Jennifer S. BannerDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 172,474. Filing ↗
22Section 08, Susan CarrasDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 169,974. Filing ↗
23Section 08, Ron D. SturzeneggerDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, Paul T. McDermottDEF 14A2025-04-170000104894-25-000041Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Jennifer S. Banner 2025-05-15Form 42025-05-160000104894-25-000057Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Ellen M. Goitia 2025-05-15Form 42025-05-160000104894-25-000060Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Thomas H. Nolan, Jr 2025-05-15Form 42025-05-160000104894-25-000061Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Susan Carras 2025-05-15Form 42025-05-160000104894-25-000059Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Benjamin S. Butcher 2025-05-15Form 42025-05-160000104894-25-000058Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Ron D. Sturzenegger 2025-05-15Form 42025-05-190000104894-25-000064Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Anthony L. Winns 2025-05-15Form 42025-05-160000104894-25-000062Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Benjamin S. Butcher 2025-06-30Form 42025-07-020000104894-25-000075Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jennifer S. Banner 2025-06-30Form 42025-07-020000104894-25-000074Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Ron D. Sturzenegger 2025-06-30Form 42025-07-020000104894-25-000076Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Tiffany Michelle Butcher 2025-07-10Form 42025-07-110000104894-25-000080Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Benjamin S. Butcher 2025-09-30Form 42025-10-010000104894-25-000099Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Jennifer S. Banner 2025-09-30Form 42025-10-010000104894-25-000098Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Ron D. Sturzenegger 2025-09-30Form 42025-10-010000104894-25-000100Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Susan Gerock 2025-11-12Form 42025-11-140000104894-25-000128Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Susan Gerock 2025-11-12Form 42025-11-140000104894-25-000128Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Susan Gerock 2025-11-12Form 42025-11-140000104894-25-000128Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Susan Gerock 2025-11-12Form 42025-11-140000104894-25-000128Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Susan Gerock 2025-11-12Form 42025-11-140000104894-25-000128Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Steven Freishtat 2025-11-12Form 42025-11-140000104894-25-000127Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Paul T. McDermott 2025-11-12Form 42025-11-140000104894-25-000130Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, William Hammond 2025-11-12Form 42025-11-140000104894-25-000129Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Susan Gerock 2025-11-12Form 42025-11-140000104894-25-000128Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Tiffany Michelle Butcher 2025-11-12Form 42025-11-140000104894-25-000126Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Tiffany Michelle Butcher 2025-11-19Form 42025-11-210000104894-25-000143Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Tiffany Michelle Butcher 2025-11-19Form 42025-11-210000104894-25-000143Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Tiffany Michelle Butcher 2025-11-19Form 42025-11-210000104894-25-000143Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Tiffany Michelle Butcher 2025-11-19Form 42025-11-210000104894-25-000143Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Steven Freishtat 2025-11-19Form 42025-11-210000104894-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Steven Freishtat 2025-11-19Form 42025-11-210000104894-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, William Hammond 2025-11-19Form 42025-11-210000104894-25-000148Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, William Hammond 2025-11-19Form 42025-11-210000104894-25-000148Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, William Hammond 2025-11-19Form 42025-11-210000104894-25-000148Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, William Hammond 2025-11-19Form 42025-11-210000104894-25-000148Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, William Hammond 2025-11-19Form 42025-11-210000104894-25-000148Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Steven Freishtat 2025-11-19Form 42025-11-210000104894-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Tiffany Michelle Butcher 2025-11-19Form 42025-11-210000104894-25-000143Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, William Hammond 2025-11-19Form 42025-11-210000104894-25-000148Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Steven Freishtat 2025-11-19Form 42025-11-210000104894-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Steven Freishtat 2025-11-19Form 42025-11-210000104894-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Paul T. McDermott 2025-11-19Form 42025-11-210000104894-25-000144Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Paul T. McDermott 2025-11-19Form 42025-11-210000104894-25-000144Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Paul T. McDermott 2025-11-19Form 42025-11-210000104894-25-000144Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Tiffany Michelle Butcher 2025-11-19Form 42025-11-210000104894-25-000143Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Steven Freishtat 2025-11-19Form 42025-11-210000104894-25-000147Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Paul T. McDermott 2025-11-19Form 42025-11-210000104894-25-000144Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Paul T. McDermott 2025-11-19Form 42025-11-210000104894-25-000144Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Paul T. McDermott 2025-11-19Form 42025-11-210000104894-25-000144Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Ron D. Sturzenegger 2025-12-15Form 42025-12-160000104894-25-000177Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Susan Carras 2025-12-15Form 42025-12-160000104894-25-000174Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Ellen M. Goitia 2025-12-15Form 42025-12-160000104894-25-000175Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Benjamin S. Butcher 2025-12-15Form 42025-12-160000104894-25-000173Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Jennifer S. Banner 2025-12-15Form 42025-12-160000104894-25-000172Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Anthony L. Winns 2025-12-15Form 42025-12-160000104894-25-000178Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Thomas H. Nolan, Jr 2025-12-15Form 42025-12-160000104894-25-000176Insider equity transaction reported since the proxy statement. Filing ↗
106Section 06, 2025 voteForm 8-K2025-10-300000104894-25-000111Item 5.07 · say-on-pay result. As reported: 92.97% (votes for as printed: 64,874,855). Filing ↗
107Section 06, 2024 voteForm 8-K2024-06-040000104894-24-000062Item 5.07 · say-on-pay result. As reported: 95.57% (votes for as printed: 69,677,166). Filing ↗
108Section 06, 2023 voteForm 8-K2023-05-300000104894-23-000064Item 5.07 · say-on-pay result. As reported: 94.59% (votes for as printed: 70,872,708). Filing ↗
109Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
110Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
111Section 09b board cost (computed)ComputedcomputedCash 504,000 + equity 599,844 + all other 0 = 1,103,844, summed across the director compensation table rows.machine: formula: Σ = 1,103,844
112Apartment Investment and Management Company, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177149CEO total compensation as printed in Apartment Investment and Management Company's own proxy. As printed: 10,762,352. Filing ↗machine: r4 · c38 · span 1693533–1693543
113Brandywine Realty Trust, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145566CEO total compensation as printed in Brandywine Realty Trust's own proxy. As printed: 5,812,631. Filing ↗machine: t214 · r4 · c24 · span 3086750–3086759
114Elme Communities (subject), Section 10b CEO totalDEF 14A2025-04-170000104894-25-000041CEO total compensation as printed in Elme Communities's own proxy. As printed: 3,980,371. Filing ↗machine: r3 · c27 · span 631991–632000
115CTO Realty Growth, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050405CEO total compensation as printed in CTO Realty Growth, Inc.'s own proxy. As printed: 3,905,735. Filing ↗machine: t23 · r1 · c35 · span 620653–620662
116Centerspace, Section 10b CEO totalDEF 14A2026-04-030000798359-26-000029CEO total compensation as printed in Centerspace's own proxy. As printed: 3,105,197. Filing ↗machine: t47 · r7 · c7 · span 589259–589268
117UMH Properties, Inc., Section 10b CEO totalDEF 14A2026-04-170001493152-26-017167CEO total compensation as printed in UMH Properties, Inc.'s own proxy. As printed: 2,909,784. Filing ↗machine: r6 · c31 · span 608102–608111
118Section 10a, UMH Properties, Inc. reciprocityDEF 14A0001493152-26-017167UMH Properties, Inc. names Elme Communities in its own disclosed peer group (read from its most recent proxy). Filing ↗
119Section 10a, Apartment Investment and Management Company reciprocityDEF 14A0001193125-26-177149Apartment Investment and Management Company names Elme Communities in its own disclosed peer group (read from its most recent proxy). Filing ↗
120Section 10a, Brandywine Realty Trust reciprocityDEF 14A0001193125-26-145566Brandywine Realty Trust's most recent proxy was read; its disclosed peer group does not include Elme Communities. Filing ↗
121Section 10a, CTO Realty Growth, Inc. reciprocityDEF 14A0001104659-26-050405CTO Realty Growth, Inc.'s most recent proxy was read; its disclosed peer group does not include Elme Communities. Filing ↗