Easterly Government Properties (DEA) SVP awarded 9,737 LTIP units
Rhea-AI Filing Summary
Easterly Government Properties, Inc. reported an equity award to senior vice president and chief accounting officer Brian M. Colantuoni. On January 5, 2026, he received 9,737 LTIP Units in Easterly Government Properties LP, granted under the company’s 2024 Equity Incentive Plan at a price of $0 per unit. These LTIP Units, and the common partnership units they can convert into, are scheduled to vest on December 31, 2028, subject to his continued employment.
Each vested LTIP Unit can be converted into a common partnership unit, which may then be redeemed for cash equal to the fair market value of one share of Easterly’s common stock, or, at the company’s election, for one share of common stock. The rights to convert vested LTIP Units and redeem the resulting common units do not have expiration dates.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 9,737 | $0.00 | -- |
Footnotes (1)
- Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted pursuant to the Issuer's 2024 Equity Incentive Plan (the "Plan"). The LTIP Units, and the common units of limited partnership interest in the Operating Partnership (each, a "Common Unit") into which such LTIP Units may be converted, will vest on December 31, 2028, subject to the Reporting Person's continued employment. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
FAQ
What insider transaction did Easterly Government Properties (DEA) report for Brian M. Colantuoni?
The company reported that SVP and CAO Brian M. Colantuoni was granted 9,737 LTIP Units on January 5, 2026. The award was made at a price of $0 per unit as part of his equity compensation.
What are the vesting terms of the 9,737 LTIP Units granted by Easterly Government Properties (DEA)?
The 9,737 LTIP Units granted to Brian M. Colantuoni will vest on December 31, 2028, provided he remains employed through that date.
How can the LTIP Units reported in this Easterly Government Properties (DEA) Form 4 be converted?
Each LTIP Unit can be converted, at the holder’s election, into a Common Unit of Easterly Government Properties LP once conditions are met. Each Common Unit may then be redeemed for cash equal to the fair market value of one share of Easterly’s common stock, or, at the company’s election, for one share of common stock.
Do the conversion and redemption rights on the LTIP Units at Easterly Government Properties (DEA) expire?
No. The filing states that the rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Is the LTIP award to Brian M. Colantuoni at Easterly Government Properties (DEA) part of a specific plan?
Yes. The 9,737 LTIP Units were granted under Easterly Government Properties, Inc.’s 2024 Equity Incentive Plan, and represent interests in Easterly Government Properties LP, the operating partnership.
What ownership form was reported for the LTIP Units in this Easterly Government Properties (DEA) Form 4?
The Form 4 indicates that the 9,737 LTIP Units are held with direct (D) ownership by the reporting person following the transaction.