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Easterly Government Properties (DEA) grants 2,786 LTIP Units to SVP, CAO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Easterly Government Properties, Inc. reported that SVP and Chief Accounting Officer Brian M. Colantuoni received a grant of 2,786 LTIP Units in Easterly Government Properties LP under the company’s 2024 Equity Incentive Plan. These units are a form of long-term, performance-based equity compensation.

The LTIP Units, and any Common Units they convert into, will vest on the fifth anniversary of the grant date, if he remains with the company and only to the extent specified performance hurdles are achieved before the eighth anniversary. Once earned and vested, each LTIP Unit may be converted into a Common Unit, which can then be redeemed for cash equal to the fair market value of one share of common stock, or, at the company’s election, one share of common stock. The conversion and redemption rights do not expire.

Positive

  • None.

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Insider Colantuoni Brian M
Role SVP, CAO
Type Security Shares Price Value
Grant/Award LTIP Units 2,786 $0.00 --
Holdings After Transaction: LTIP Units — 2,786 shares (Direct, null)
Footnotes (1)
  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 "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 the fifth anniversary of the grant date, subject to the Reporting Person's continued service with the Company, and, in accordance with the terms of the award, only to the extent such LTIP Units are earned based on the achievement of specified performance hurdles prior to the eighth anniversary of the Grant Date. 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 earned and vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
LTIP Units granted 2,786 units Grant to SVP, CAO Brian M. Colantuoni
Exercise price $0.0000 per LTIP Unit Grant under 2024 Equity Incentive Plan
Underlying common stock 2,786 shares Underlying security for LTIP Units
Post-transaction LTIP holdings 2,786 LTIP Units Total derivative units following this grant
Vesting anniversary Fifth anniversary of grant date Timing for vesting of LTIP Units and Common Units
Performance period Up to eighth anniversary Period to achieve specified performance hurdles
LTIP Units financial
"Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner"
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.
2024 Equity Incentive Plan financial
"granted pursuant to the Issuer's 2024 Equity Incentive Plan, as amended (the "Plan")"
Common Unit financial
"the common units of limited partnership interest in the Operating Partnership (each, a "Common Unit") into which such LTIP Units may be converted"
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.
fair market value financial
"for cash equal to the fair market value of a share of the Issuer's Common Stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
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SEC Form 4
FORM 4UNITED 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*
Colantuoni Brian M

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, CAO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
LTIP Units(1)(2)05/20/2026A2,786 (1)(2) (2)Common Stock2,786$02,786D
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 "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 the fifth anniversary of the grant date, subject to the Reporting Person's continued service with the Company, and, in accordance with the terms of the award, only to the extent such LTIP Units are earned based on the achievement of specified performance hurdles prior to the eighth anniversary of the Grant 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, 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 earned and vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
/s/ Franklin V. Logan, Attorney-in-fact for Brian M. Colantuoni05/22/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did Easterly Government Properties (DEA) report?

Easterly Government Properties reported that SVP and CAO Brian M. Colantuoni received a grant of 2,786 LTIP Units. These derivative units were awarded at no exercise price as long-term, equity-based compensation under the company’s 2024 Equity Incentive Plan.

How many LTIP Units were granted to Brian M. Colantuoni at DEA?

Brian M. Colantuoni was granted 2,786 LTIP Units. These units initially cost nothing to acquire and represent a potential future interest that can convert into partnership units and ultimately into the economic value of common stock, subject to vesting and performance conditions.

When do the LTIP Units granted at Easterly Government Properties vest?

The LTIP Units, and the Common Units into which they may convert, vest on the fifth anniversary of the grant date. Vesting requires Mr. Colantuoni’s continued service with the company and is also subject to performance hurdles being achieved within eight years of the grant date.

What performance conditions apply to the DEA LTIP Units grant?

The LTIP Units are earned only if specified performance hurdles are met before the eighth anniversary of the grant date. Even then, vesting occurs on the fifth anniversary, and only the portion tied to achieved performance becomes earned and eligible for conversion into Common Units.

How can LTIP Units at Easterly Government Properties be converted and redeemed?

Each LTIP Unit, once earned and vested, may be converted into a Common Unit of the operating partnership. Each Common Unit can then be redeemed for cash equal to the fair market value of one common share, or, at the issuer’s election, exchanged for one share of common stock.

Do the conversion or redemption rights for DEA LTIP Units expire?

The rights to convert earned and vested LTIP Units into Common Units, and to redeem those Common Units for cash or common stock, do not have expiration dates. This gives the holder ongoing flexibility once the units are fully earned and vested under plan terms.