Darrell W. Crate - 19 Jan 2024 Form 4 Insider Report for Easterly Government Properties, Inc. (DEA)

Reporting relationship: CEO, Director
Issuer ticker: DEA
Reported as of: 19 Jan 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 23 Jan 2024, 16:52:03 UTC
Prior SEC filing: 19 Jan 2024
Next SEC filing: 07 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate

Filing notes and source

Key filing fact

Darrell W. Crate filed Form 4 for Easterly Government Properties, Inc. (DEA) on 23 Jan 2024.

Key facts

This page summarizes Darrell W. Crate's Form 4 filing for Easterly Government Properties, Inc. (DEA).
5 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 23 Jan 2024, 16:52.

Change

Previous filing in this sequence was filed on 19 Jan 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DEA transaction

Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +69,305
Change %: +75%
Price: $0.000000
Shares after: 161,479
Date: 19 Jan 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DEA transaction Derivative

LTIP Units

Conversion of derivative security

Transaction value: $0
Shares: -24,415
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 24,415
Exercise price
Footnotes: F2, F3

DEA transaction Derivative

LTIP Units

Conversion of derivative security

Transaction value: $0
Shares: -1,914
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,914
Exercise price
Footnotes: F3, F4

DEA transaction Derivative

LTIP Units

Conversion of derivative security

Transaction value: $0
Shares: -19,800
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 19,800
Exercise price
Footnotes: F3, F5

DEA transaction Derivative

LTIP Units

Conversion of derivative security

Transaction value: $0
Shares: -23,176
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 23,176
Exercise price
Footnotes: F3, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

69,305 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").

Footnote F2

Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 2, 2019 through December 31, 2021.

Footnote F3

Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common 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 elect to 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 grant date. These redemption rights have no expiration dates.

Footnote F4

Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 3, 2020 through December 31, 2022.

Footnote F5

Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 4, 2021 through December 31, 2023.

Footnote F6

Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, which vested on December 31, 2023.

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