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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 21,908 | $0.00 | -- |
| Grant/Award | LTIP Units | 20,172 | $0.00 | -- |
Footnotes (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. 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. 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.
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.