Easterly Government Properties (DEA) EVP awarded 13,100 LTIP Units
Rhea-AI Filing Summary
Easterly Government Properties, Inc. executive Michael P. Ibe, who serves as EVP - Development & Acquisitions and a director, received an award of 13,100 LTIP Units on January 20, 2026. These LTIP Units in Easterly Government Properties LP were granted as long-term incentive compensation under the 2015 Equity Incentive Plan and were tied to performance hurdles based on the company’s results from January 3, 2023 through December 31, 2025. A portion of the LTIP Unit award was earned after the compensation committee determined that the performance vesting hurdles had been achieved. Each vested LTIP Unit may be converted into a Common Unit of the operating partnership and then redeemed for cash equal to the fair market value of a share of Easterly’s common stock, or, at the company’s election, one share of common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 13,100 | $0.00 | -- |
Footnotes (1)
- Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, that were granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, subject to certain performance vesting hurdles based on the Issuer's performance from January 3, 2023 through December 31, 2025 ("LTIP Unit Award"), and a portion of which were earned upon the determination by the Issuer's compensation committee that the performance vesting hurdles had been achieved. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (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. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates. The total number of derivative securities represents the aggregate of all LTIP Units earned by the reporting person pursuant to the LTIP Unit Award. LTIP Units vested when earned.
FAQ
What insider transaction did Easterly Government Properties (DEA) report?
The filing reports that EVP and director Michael P. Ibe was granted 13,100 LTIP Units on January 20, 2026 as long-term incentive compensation.
Who is the reporting person in this Easterly Government Properties (DEA) Form 4?
The reporting person is Michael P. Ibe, who is both a director and an officer (EVP - Dev & Acquisitions) of Easterly Government Properties, Inc.
What are the terms of the 13,100 LTIP Units granted to the Easterly (DEA) executive?
The 13,100 LTIP Units were granted at a price of $0 as long-term incentive compensation, subject to performance vesting hurdles tied to Easterly’s performance from January 3, 2023 through December 31, 2025.
How can the LTIP Units reported for Easterly Government Properties (DEA) be settled?
Each vested LTIP Unit may be converted into a Common Unit of the operating partnership. Each Common Unit may then be redeemed for cash equal to the fair market value of a share of Easterly’s common stock, except that Easterly may instead deliver one share of common stock per Common Unit.
Do the LTIP Units in this Easterly (DEA) Form 4 have an expiration date?
The rights to convert vested LTIP Units into Common Units and to redeem those Common Units do not have expiration dates, although LTIP Units are generally not convertible without the issuer’s consent until two years from the grant date.
How many derivative securities does the Easterly (DEA) executive hold after this Form 4 transaction?
After the reported transaction, the executive beneficially owned 13,100 derivative securities in the form of LTIP Units, held directly.