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.

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

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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^*

Ibe Michael P.

(Last) (First) (Middle)

C/O EASTERLY GOVERNMENT PROPERTIES, INC.

2001 K STREET NW, SUITE 775 NORTH

(Street)

WASHINGTON DC 20006

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	EVP - Dev & Acquisitions

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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

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

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

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)	01/20/2026		A		13,100		(2)(3)	(2)	Common Stock	13,100	$0	13,100(3)	D

Explanation of Responses:

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.

2. 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.

3. 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.

	/s/ Franklin V. Logan, Attorney-in-fact for Michael P. Ibe	01/22/2026
	** 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).
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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.