Easterly Government Properties (DEA) CFO reports new LTIP unit grants

Rhea-AI Filing Summary

Easterly Government Properties EVP and CFO Allison E. Marino reported equity awards in the form of long-term incentive plan (LTIP) units. On January 5, 2026, she received 21,908 LTIP Units and a separate grant of 20,172 LTIP Units, both recorded as acquisitions at a price of $0 per unit and held directly.

The 21,908 LTIP Units were granted under the company’s 2024 Equity Incentive Plan and will vest on December 31, 2028, subject to her continued employment. These LTIP Units can be converted into common partnership units, which in turn can be redeemed for cash equal to the fair market value of a share of common stock, or, at the company’s election, one share of common stock per unit, with no expiration date on these conversion and redemption rights.

The 20,172 LTIP Units will vest on the fifth anniversary of the grant date, also requiring continued employment and vesting only to the extent specified performance hurdles are achieved before the eighth anniversary of the grant date.

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^*

Marino Allison E.

(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, CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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)	01/05/2026		A		21,908		(1)(2)	(2)	Common Stock	21,908	$0	21,908	D
LTIP Units(3)	(2)	01/05/2026		A		20,172		(2)(3)	(2)	Common Stock	20,172	$0	20,172	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 (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 December 31, 2028, subject to the Reporting Person's continued employment.

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.

3. Represents LTIP Units in the Operating Partnership granted pursuant to the Plan. The LTIP Units, and the Common Units 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 employment 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.

	/s/ Franklin V. Logan, Attorney-in-fact for Allison E. Marino	01/07/2026
	** 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.

FAQ

What insider transaction did Easterly Government Properties (DEA) report for Allison E. Marino?

The filing reports that Allison E. Marino, EVP and CFO of Easterly Government Properties, Inc., acquired LTIP Units on January 5, 2026 under the company’s equity incentive plan, recorded as derivative securities held directly.

How many LTIP Units did Allison E. Marino receive according to this Form 4 for DEA?

On January 5, 2026, Allison E. Marino received two grants: one of 21,908 LTIP Units and another of 20,172 LTIP Units, each reported as an acquisition at a price of $0 per unit.

When do the 21,908 LTIP Units granted to the DEA EVP-CFO vest?

The 21,908 LTIP Units granted under the 2024 Equity Incentive Plan will vest on December 31, 2028, provided Allison E. Marino remains employed through that date.

What are the vesting and performance conditions on the 20,172 LTIP Units reported for DEA?

The 20,172 LTIP Units will vest on the fifth anniversary of the January 5, 2026 grant date, subject to continued employment and only to the extent that specified performance hurdles are achieved before the eighth anniversary of the grant date.

How can the LTIP Units reported in this DEA Form 4 be converted or redeemed?

Each LTIP Unit may be converted, subject to tax-related conditions, into a Common Unit of the operating partnership. Each Common Unit can then be redeemed for cash equal to the fair market value of a share of common stock, or, at the issuer’s election, for one share of common stock, and these conversion and redemption rights do not have expiration dates.

Does Allison E. Marino hold these LTIP Units directly or indirectly in the DEA filing?

The Form 4 shows the LTIP Units as held with direct ownership, with no separate entity or indirect nature of ownership listed in the transaction details.