Easterly director granted 5,983 LTIP Units

Easterly Government Properties director William H. Binnie received a grant of 5,983 LTIP Units.

Rhea-AI Filing Summary

Easterly Government Properties director William H. Binnie received a grant of 5,983 LTIP Units. These LTIP Units in Easterly Government Properties LP were granted under the company’s 2024 Equity Incentive Plan. They are tied to an equal number of underlying shares of common stock.

The LTIP Units and related common units will vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, if he continues serving as a director through that date. Once vested and subject to tax allocations, each LTIP Unit can be converted into a common unit, which may then be redeemed for cash equal to the fair market value of one common share or, at the company’s election, exchanged for one share of common stock. These conversion and redemption rights do not have expiration dates.

Insider Trade Summary

Grant/Award: 5,983 shares

Grant/Award 1 txn

Insider BINNIE WILLIAM H

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	5,983	$0.00	$0.00

Holdings After Transaction: LTIP Units — 5,983 contracts (Direct)

Footnotes (2)

1. F1. 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, as amended. 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 upon the earlier of the first anniversary of the date of grant or the next annual stockholder meeting, subject to the Reporting Person's continued service as a director of the Issuer through such date.
2. F2. 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 or the Operating Partnership, 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.

Key Figures

LTIP Units granted: 5,983 LTIP Units Transaction price per LTIP Unit: $0.0000 per unit Underlying common stock: 5,983 shares +1 more

4 metrics

LTIP Units granted 5,983 LTIP Units Grant under 2024 Equity Incentive Plan

Transaction price per LTIP Unit $0.0000 per unit Grant/award acquisition on grant date

Underlying common stock 5,983 shares Shares underlying LTIP Units

Holdings after transaction 5,983 LTIP Units Total LTIP Units directly held following grant

Key Terms

LTIP Units, Equity Incentive Plan, Common Unit, Operating Partnership

4 terms

LTIP Units financial

"Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership")"

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

Equity Incentive Plan financial

"granted pursuant to the Issuer's 2024 Equity Incentive Plan, as amended"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

Common Unit financial

"each LTIP Unit may be converted, at the election of the holder or the Operating Partnership, into a Common Unit"

A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.

Operating Partnership financial

"Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner"

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did director William H. Binnie acquire in this Easterly Government Properties (DEA) Form 4?

William H. Binnie received 5,983 LTIP Units in Easterly Government Properties LP. The grant was made under Easterly Government Properties, Inc.’s 2024 Equity Incentive Plan and is tied to an equal number of underlying shares of common stock through convertible partnership units.

How and when do William H. Binnie’s 5,983 LTIP Units in DEA vest?

The 5,983 LTIP Units will vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting. Vesting is conditioned on Binnie’s continued service as a director of Easterly Government Properties, Inc. through that vesting date.

What can William H. Binnie convert his Easterly Government Properties LTIP Units into?

Each LTIP Unit can be converted into a common unit of Easterly Government Properties LP once tax allocation conditions are met. Each common unit may then be redeemed for cash equal to the fair market value of one common share or, at the issuer’s election, one share of common stock.

Do the conversion and redemption rights on DEA’s LTIP Units expire?

The rights to convert vested LTIP Units into common units and redeem those units do not have expiration dates. This means Binnie can exercise these conversion and redemption rights in the future, subject to the conditions described for tax allocations and vesting.

How many LTIP Units does William H. Binnie hold after this DEA Form 4 transaction?

After this reported transaction, Binnie holds 5,983 LTIP Units directly. These LTIP Units correspond to 5,983 underlying shares of Easterly Government Properties, Inc. common stock through their potential conversion into common units of the operating partnership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BINNIE WILLIAM H

(Last) (First) (Middle)

C/O EASTERLY GOVERNMENT PROPERTIES, INC.

2001 K STREET NW, SUITE 775 NORTH

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Easterly Government Properties, Inc. [ DEA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
LTIP Units(1)	(2)	04/29/2026		A		5,983		(2)	(2)	Common Stock	5,983	$0.00	5,983	D

Explanation of Responses:

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, as amended. 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 upon the earlier of the first anniversary of the date of grant or the next annual stockholder meeting, subject to the Reporting Person's continued service as a director of the Issuer through such date.

2. 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 or the Operating Partnership, 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.

	/s/ Franklin V. Logan, Attorney-in-fact for William H. Binnie	04/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)