Form 4: Elme Communities Director Thomas H. Nolan Jr. Acquires Shares Through Incentive Plan

Director Thomas H. Nolan Jr. acquired 3,244 shares of Elme Communities common stock on May 31, 2024, through the company's incentive plan.

Summary

• On May 31, 2024, Thomas H. Nolan Jr., a director of Elme Communities, acquired 3,244 shares of common stock.
• The acquisition was made through the Elme Communities 2016 Incentive Plan and the Company's Deferred Compensation Plan for Directors.
• The price per share was $0.0, with the number of shares awarded based on the closing price of $15.41 on May 31, 2024.
• Following the transaction, Nolan directly owns 47,950.7777 shares of Elme Communities common stock.
• The reported holdings also reflect the acquisition of 529.341 dividend equivalent units received during the first quarter of 2024 and 558.965 dividend equivalent units received during the second quarter of 2024 pursuant to the Company's Deferred Compensation Plan for Directors.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a routine transaction.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings of company stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates