SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.9% Stake in ELME Communities
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 4.9% of ELME Communities' common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 6 to Schedule 13G regarding their beneficial ownership in ELME Communities.
- As of March 31, 2025, they beneficially own an aggregate of 4,348,302.68 shares of ELME Communities' common stock.
- This ownership represents 4.9% of the total outstanding common stock of ELME Communities.
- FMR LLC holds sole voting power over 4,344,526.00 shares and sole dispositive power over 4,348,302.68 shares.
- Abigail P. Johnson holds sole dispositive power over 4,348,302.68 shares, with no sole or shared voting power directly.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC is classified as a parent holding company, and its subsidiaries FIAM LLC, Fidelity Management & Research Company LLC, and Strategic Advisers LLC are classified as investment advisers.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, carrying a neutral sentiment as it does not contain performance data, forward-looking statements, or strategic announcements.
Industry Context
This filing is a routine disclosure of beneficial ownership by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, in ELME Communities. It reflects a passive investment stake below the 5% threshold that would typically trigger more active reporting or potential influence.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | The filing details the ownership structure of FMR LLC, noting that members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares (49% voting power) and have a shareholders' voting agreement to vote in accordance with the majority vote of Series B shares, forming a controlling group with respect to FMR LLC. | N/A | This provides transparency into the control structure of the reporting entity, FMR LLC, but does not directly impact ELME Communities' corporate governance. |
Stakeholder Impact
- Shareholders of ELME Communities: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment intent below the 5% threshold.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2025-03-31 | Date of event which requires filing of this statement. |
| 2025-05-09 | Signature date of the Schedule 13G Amendment No. 6. |
Keywords
ELME Communities, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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