Performance LTIP Units awarded to Easterly (DEA) EVP Logan Franklin

Rhea-AI Filing Summary

Easterly Government Properties EVP, GC & Secretary Logan Franklin V. reported an acquisition of 19 LTIP Units in Easterly Government Properties LP on February 18, 2026. These LTIP Units were granted at a price of $0.0000 per unit as long-term incentive compensation under the 2015 Equity Incentive Plan.

The award was earned after the compensation committee determined that performance hurdles based on the company’s results from January 3, 2023 through December 31, 2025 were achieved. Following this grant, Franklin holds 1,139 LTIP Units in total. Vested LTIP Units may later be converted into operating partnership common units and then redeemed for cash equal to the fair market value of a common share, or, at the issuer’s election, exchanged for one share of common stock instead.

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^*

Logan Franklin V.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, GC & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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)	02/18/2026		A		19		(2)(3)	(2)	Common Stock	19	$0	1,139(3)	D

Explanation of Responses:

1. Represents additional 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"), 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, including LTIP Units earned on January 20, 2026. LTIP Units vested when earned.

	/s/ Franklin V. Logan	02/20/2026
	** 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 did Logan Franklin report in this Easterly Government Properties (DEA) Form 4?

Logan Franklin reported receiving 19 LTIP Units as long-term incentive compensation. The units were granted at $0.0000 per unit after performance hurdles for 2023–2025 were determined to be achieved by the compensation committee.

What are the performance conditions tied to the DEA LTIP Unit Award for Logan Franklin?

The LTIP Units were earned based on Easterly Government Properties’ performance from January 3, 2023 through December 31, 2025. The compensation committee determined that specified performance vesting hurdles were achieved, triggering the earning and vesting of these incentive units.

How many LTIP Units does Logan Franklin hold after this reported DEA transaction?

After this transaction, Logan Franklin holds a total of 1,139 LTIP Units. This figure represents the aggregate of all LTIP Units earned under the LTIP Unit Award, including units earned on January 20, 2026, which vested when earned.

How can Logan Franklin’s LTIP Units in Easterly Government Properties be converted or redeemed?

Each vested LTIP Unit may be converted into a common unit of limited partnership interest. Each such common unit can 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.

When are Easterly Government Properties LTIP Units generally convertible for Logan Franklin?

LTIP Units are generally not convertible without the issuer’s consent until two years from the grant date. Once convertible and vested, the rights to convert LTIP Units into common units and redeem those units do not have expiration dates.

How were Logan Franklin’s LTIP Units under DEA’s 2015 Equity Incentive Plan granted?

The LTIP Units were granted as long-term incentive compensation under Easterly Government Properties’ 2015 Equity Incentive Plan. They were earned upon the compensation committee’s determination that performance vesting hurdles for the 2023–2025 performance period had been achieved.