Crate Darrell W 4

What Happened
Darrell W. Crate, President & CEO and a director of Easterly Government Properties (ticker: DEA), received an award of 13,100 LTIP Units on January 20, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) at $0.00 per unit (derivative security). The units were granted as long-term incentive compensation tied to performance and a portion were earned and vested based on performance for the 2023–2025 period.

Key Details

• Transaction date: 2026-01-20. Filing date: 2026-01-22 (filed within the typical 2-business-day Form 4 window).
• Security: 13,100 LTIP Units (derivative units in the Operating Partnership). Reported acquisition price: $0.00.
• Shares owned after transaction: not disclosed in the provided Form 4.
• Footnote highlights:
  • LTIP Units were granted under the 2015 Equity Incentive Plan and were subject to performance vesting for Jan 3, 2023–Dec 31, 2025; a portion were earned and vested upon committee determination (F1, F3).
  • Vested LTIP Units may, subject to tax-allocation conditions, be converted (at the holder’s election) into Common Units of the Operating Partnership and those Common Units can be redeemed for cash equal to the fair market value of a share of the issuer’s common stock (or the issuer may elect to issue one share per Common Unit) (F2). LTIP Units generally aren’t convertible without issuer consent until two years after grant; conversion and redemption rights have no expiration dates.

Context This was an equity compensation award (not an open-market purchase or sale). Such grants are routine forms of executive pay tied to performance metrics; the Form 4 reports the grant and vesting but does not by itself signal the insider’s trading intentions.