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Easterly Government Properties, Inc.·4

Jan 22, 4:30 PM ET

Ibe Michael P. 4

Research Summary

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Easterly (DEA) EVP Michael P. Ibe Receives 13,100 LTIP Units

What Happened
Michael P. Ibe, Executive Vice President—Development & Acquisitions and a director of Easterly Government Properties, was granted 13,100 LTIP Units (derivative securities) on January 20, 2026. The award is reported as an acquisition with a $0.00 per-unit price (compensation grant), so no cash was paid by the insider. The grant reflects long-term incentive compensation tied to performance for the 2023–2025 period.

Key Details

  • Transaction type: Award/Grant of derivative securities (Form 4 code A).
  • Transaction date: 2026-01-20; Form 4 filed 2026-01-22.
  • Amount: 13,100 LTIP Units; reported acquisition price $0.00 (compensation).
  • Shares owned after transaction: Not specified in the provided excerpt.
  • Footnotes:
    • F1: Units granted under the 2015 Equity Incentive Plan and tied to performance hurdles for Jan 3, 2023–Dec 31, 2025; a portion was earned when the committee determined hurdles were met.
    • F2: Vested LTIP Units may be converted (subject to tax allocation conditions) into common partnership units, which can 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. LTIP Units are generally not convertible without issuer consent until two years after the grant.
    • F3: The reported derivative amount is the total LTIP Units earned; LTIP Units vested when earned.
  • Filing timeliness: Filed two days after the transaction date; filing shows no late-report notation in the provided data.

Context
This was a compensation award (long-term incentive), not an open-market buy or sale. Such LTIP Unit grants are common for executives and are tied to future performance and conversion rules, so they do not directly reflect an insider buying or selling stock. The units can potentially convert to partnership/common units and then be redeemed or converted into shares per the terms noted above.