Companies Elme Communities
Elme Communities (WRE): executive pay, fiscal 2024
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CEO pay, last three years
- $3,707,826FY2023
- $3,980,371FY2024
CEO total pay was $3,980,371 in fiscal 2024, up from $3,707,826 in fiscal 2023.
FY2024: salary $750,000 · bonus $0 · stock awards $2,081,671 · option awards $0
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Paul McDermott | $750,000 | $0 | $2,081,671 | $0 | $990,000 | $0 | $158,700 | $3,980,371 |
| President and Chief Executive Officer | ||||||||
| Tiffany Butcher | 425,000 | 0 | 773,682 | 0 | 439,238 | 0 | 75,200 | 1,713,120 |
| Executive Vice President and Chief Operating Officer | ||||||||
| Steven Freishtat | 325,000 | 0 | 416,778 | 0 | 254,150 | 0 | 61,662 | 1,057,590 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Susan Gerock | 315,000 | 0 | 426,771 | 0 | 218,768 | 0 | 54,436 | 1,014,975 |
| Senior Vice President and Chief Information Officer | ||||||||
| W Hammond | 315,000 | 0 | 298,894 | 0 | 212,468 | 0 | 55,386 | 881,748 |
| 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 officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Paul McDermott | $3,980,371 | $3,707,826 | — | ↑ +272,545 |
| Tiffany Butcher | 1,713,120 | 1,010,347 | — | ↑ +702,773 |
| Steven Freishtat | 1,057,590 | 973,809 | — | ↑ +83,781 |
| Susan Gerock | 1,014,975 | 968,760 | — | ↑ +46,215 |
| W Hammond | 881,748 | 725,809 | — | ↑ +155,939 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| W Hammond | RSU | 10,650 | — | $162,626 |
| Susan Gerock | RSU | 11,570 | — | 176,674 |
| Steven Freishtat | RSU | 13,473 | — | 205,733 |
| W Hammond | PSU | 14,378 | — | 219,555 |
| Steven Freishtat | PSU | 20,858 | — | 318,500 |
| Susan Gerock | PSU | 21,289 | — | 325,080 |
| Tiffany Butcher | RSU | 23,801 | — | 363,441 |
| Tiffany Butcher | PSU | 35,324 | — | 539,404 |
| Paul McDermott | PSU | 101,572 | — | 1,551,000 |
| Paul McDermott | RSU | 153,164 | — | 2,338,814 |
Director compensation
No director compensation table is on file for fiscal year 2024.
Board fee structure and ownership guideline
| Annual cash retainer | $55,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | $0 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | $5 |
Peer group, and who names Elme Communities as a peer
Companies that benchmark against WRE
11 companies name WRE as a compensation peer
Each company listed discloses WRE 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 WRE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Elme Communities | 2024 | Paul McDermott | $750,000 | $2,081,671 | $0 | $990,000 | $3,980,371 |
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.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (7 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Paul McDermott. DEF 14A, filed 2025-04-17. Section “Summary Compensation Table” · page 63. As printed: 3,980,371. View filing ↗
- Section 01, Tiffany Butcher. DEF 14A, filed 2025-04-17. Section “Summary Compensation Table” · page 63. As printed: 1,713,120. View filing ↗
- Section 01, Steven Freishtat. DEF 14A, filed 2025-04-17. Section “Summary Compensation Table” · page 63. As printed: 1,057,590. View filing ↗
- Section 01, Susan Gerock. DEF 14A, filed 2025-04-17. Section “Summary Compensation Table” · page 63. As printed: 1,014,975. View filing ↗
- Section 01, W Hammond. DEF 14A, filed 2025-04-17. Section “Summary Compensation Table” · page 63. As printed: 881,748. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Elme Communities (subject), Section 10b CEO total. DEF 14A, filed 2025-04-17. CEO total compensation as printed in Elme Communities's own proxy. As printed: 3,980,371. View filing ↗