Easterly Govt Pptys Inc SEC Filings

Easterly Government Properties approved a new long-term incentive and retention program for senior executives and non-employee directors, granting an aggregate 844,000 performance-based LTIP Units in its operating partnership under the 2024 Equity Incentive Plan.

The LTIP Units cliff-vest on the fifth anniversary of the August 26, 2025 grant date, but only if stock price performance hurdles are met during an eight-year period. At an Applicable Price of $33.78 (50% above the $22.52 Baseline Price), 75% of units are earned, rising to 100% at $36.03 (60% above the Baseline Price), with linear interpolation between. Units convert one-for-one into common units, then are redeemable for cash or common stock.

Executives receive 10% of common-unit distributions before vesting, a 90% catch-up after vesting based on prior distributions, and then full distributions thereafter. The plan includes detailed vesting, forfeiture, and change-in-control protections, with partial vesting in certain terminations and full vesting upon death or disability, all still subject to meeting performance conditions.

Easterly Government Properties, Inc. entered into a fifth amendment to its 2021 credit agreement, extending the maturity of its $200.0 million senior unsecured 2018 Term Loan from July 23, 2026 to August 21, 2028, with two additional one-year extension options at the Company’s discretion, subject to conditions and a fee. The amendment removes the minimum consolidated tangible net worth financial covenant and adds an accordion feature that can increase borrowing capacity by up to $100.0 million, subject to customary conditions. After borrowings on the amendment date, the $200.0 million term loan is fully drawn, while the prior $450.0 million revolving credit facility under the same agreement had already been terminated in June 2024.

Global X Management Company LLC filed an amendment to a Schedule 13G reporting a passive ownership stake in Easterly Government Properties, Inc. The filer states it beneficially owns 542,939 shares, representing 0.44% of the outstanding common stock. The filing indicates sole voting and dispositive power over the reported shares and that the securities were acquired and are held in the ordinary course of business, not for control purposes. The cover data and Item 4 ownership details are incorporated by reference. The filing is signed by CEO Ryan O'Connor.

State Street Corporation reported beneficial ownership of 2,442,631 shares of Easterly Government Properties common stock, representing 5.4% of the class. The filing indicates State Street has no sole voting or dispositive power but holds shared voting power of 2,038,170 shares and shared dispositive power over 2,442,631 shares. The disclosure lists several State Street investment-adviser subsidiaries that hold the positions.

The filing is submitted on a Schedule 13G and includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The report provides transparent, institution-level ownership detail for investors assessing shareholder composition.

Overview: Easterly Government Properties, Inc. filed a Form 8-K dated August 5, 2025 reporting that it issued a press release announcing results of operations for the quarter ended June 30, 2025.

Details: The press release and a supplemental information package are attached as Exhibits 99.1 and 99.2 and are available on the company Investor Relations website at ir.easterlyreit.com. The filing states the materials are being furnished and shall not be deemed "filed" under the Exchange Act. The company will host a webcast and conference call at 11:00 a.m. Eastern Time on August 5, 2025 to review second-quarter performance. Exhibits also include the interactive data file (Exhibit 104). The report is signed by Allison E. Marino, Executive Vice President and Chief Financial Officer.

Form 4 overview: Director Cynthia A. Fisher reported the grant of 5,499 Easterly Government Properties (DEA) common shares on 18 Jun 2025 under transaction code "A" (equity award). The award was issued at $0.00 as part of the company’s 2024 Equity Incentive Plan and will vest on the earlier of the next annual meeting or one year from grant, contingent upon continued board service.

Following the grant, Fisher’s direct holdings rise to 47,136 shares. She also maintains 12,134 indirect shares through two retirement plans she administers (8,377 via a pension plan and 3,757 via a profit-sharing trust). All share amounts are presented on a post-split basis after DEA’s 1-for-2.5 reverse split completed 28 Apr 2025.

No derivative securities were reported. The filing represents a routine director compensation event rather than an open-market purchase or sale, and therefore carries limited immediate market impact, but it modestly increases insider alignment with shareholders.

Easterly Government Properties (DEA) filed a Form 4 showing a routine equity grant to director William H. Binnie. On 06/18/2025 he received 5,499 post-split common shares under the company’s 2024 Equity Incentive Plan at $0.00 cost (transaction code A). The award will vest on the earlier of the first anniversary of the grant or the next annual shareholder meeting, contingent on his continued board service.

After the grant, Binnie’s direct beneficial ownership rose to 19,207 shares. Share counts already reflect the 1-for-2.5 reverse split completed on 04/28/2025, so no additional adjustment is required. The filing does not involve open-market purchases or sales, carries no immediate cash proceeds, and is unlikely to materially affect DEA’s share count or near-term earnings.