Easterly Government Properties, Inc. (DEA) SEC Filings, Aug 11-28, 2025

Tara S. Innes received a grant of 20,000 LTIP Units in Easterly Government Properties LP under the company's 2024 Equity Incentive Plan. The LTIP Units were granted on 08/26/2025 and are conditioned on continued service and the achievement of specified performance hurdles; they vest on the fifth anniversary of the grant date and may only be earned based on performance measured through the eighth anniversary. Each LTIP Unit may, subject to tax allocation conditions, be converted into a Common Unit and then redeemed for cash equal to the fair market value of a share of the issuer's common stock or, at the issuer's election, exchanged for one share of common stock. The filing was signed by an attorney-in-fact on behalf of the reporting person on 08/28/2025.

Emil W. Henry Jr., a director of Easterly Government Properties, Inc. (DEA), was granted 20,000 LTIP Units in the company’s Operating Partnership on 08/26/2025. The LTIP Units were awarded under the 2024 Equity Incentive Plan and will vest on the fifth anniversary of the grant date only if the reporting person remains in service and performance hurdles are met before the eighth anniversary. Each earned LTIP Unit may be converted into a Common Unit (and then redeemed for cash equal to a share of common stock or exchanged for one share at the issuer’s election). The report was filed on 08/28/2025 by an attorney-in-fact.

Scott D. Freeman, a director of Easterly Government Properties, Inc. (DEA), was granted 20,000 LTIP Units in the company’s operating partnership. The award is a performance-based long-term incentive that vests on the fifth anniversary of the grant date only if specified performance hurdles are achieved prior to the eighth anniversary and the holder remains in service. Each LTIP Unit, subject to minimum tax-accounting allocations, can be converted at the holder’s election into a Common Unit and those Common Units may be redeemed for cash equal to the fair market value of a share of the issuer’s common stock or, at the issuer’s election, exchanged for one share of common stock. Following the reported grant, the reporting person beneficially owns 20,000 underlying shares (direct) with a reported price of $0.

Easterly Government Properties (DEA) reporting person Cynthia A. Fisher, a director, was granted 20,000 LTIP Units in the Operating Partnership under the Issuer's 2024 Equity Incentive Plan on 08/26/2025. The LTIP Units vest on the fifth anniversary of the grant date and are earned only if specified performance hurdles are met prior to the eighth anniversary. Each LTIP Unit may be converted, subject to tax allocation conditions, into a Common Unit that can be redeemed for cash equal to fair market value of a share or, at the Issuer's election, exchanged for one share of Common Stock. The conversion and redemption rights have no expiration dates. The Form 4 was signed by Franklin V. Logan, attorney-in-fact, on 08/28/2025.

Franklin V. Logan, EVP, General Counsel and Secretary of Easterly Government Properties, Inc. (DEA), reported a grant of 12,000 LTIP Units in the issuer's operating partnership on 08/26/2025. The LTIP Units were granted under the company's 2024 Equity Incentive Plan and are scheduled to vest on the fifth anniversary of the grant date, subject to continued service and achievement of specified performance hurdles that must be met prior to the eighth anniversary. Each LTIP Unit may be converted, if certain tax conditions are met, into a Common Unit convertible or redeemable for cash equal to the fair market value of a share of the issuer's common stock or, at the issuer's election, exchanged for one share. The filing is signed on 08/28/2025.

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.