Ronald E. Kendall - 17 Jan 2023 Form 4 Insider Report for Easterly Government Properties, Inc. (DEA)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
19 Jan 2023, 15:18:38 UTC
Prior SEC filing
20 Jan 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Franklin V. Logan, Attorney-in-fact for Ronald E. Kendall

Key filing fact

Ronald E. Kendall filed Form 4 for Easterly Government Properties, Inc. (DEA) on 19 Jan 2023.

Key facts

  • This page summarizes Ronald E. Kendall's Form 4 filing for Easterly Government Properties, Inc. (DEA).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 19 Jan 2023, 15:18.

Change

  • Previous filing in this sequence was filed on 20 Jan 2022.
  • 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 derivative securities

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

DEA transaction Derivative

LTIP Units

Award

Transaction value
$0
Shares
+1,062
Change %
Price
$0.000000
Shares after
1,062
Date
17 Jan 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,062
Exercise price
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, that were granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, subject to certain performance vesting hurdles based on the Issuer's performance from January 3, 2020 through December 31, 2022 (the "LTIP Unit Award"), and a portion of which were earned upon the determination by the Issuer's compensation committee that the performance vesting hurdles had been achieved.

Footnote F2

Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (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. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.

Footnote F3

The total number of derivative securities represents the aggregate of all LTIP Units earned by the reporting person pursuant to the LTIP Unit Award. LTIP Units vested when earned.

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