Marino Allison E. 4

What Happened

• Allison E. Marino, Executive Vice President & Chief Financial Officer of Easterly Government Properties (DEA), was granted/earned 2,071 LTIP Units (reported as a derivative award) on 2026-01-20. The Form 4 lists the acquisition price as $0.00 (transaction code A for award/grant). The filing indicates these LTIP Units were earned and vested pursuant to the issuer’s long‑term incentive plan.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-22 (filed two days after the transaction).
• Security: 2,071 LTIP Units (derivative securities); reported price: $0.00; transaction code A = Award/Grant.
• Shares owned after transaction: the filing reports 2,071 LTIP Units earned/vested; it does not state a post‑transaction common stock share total in the Form 4.
• Relevant footnotes: F1–F3 explain these are LTIP Units granted under the 2015 Equity Incentive Plan tied to performance for 2023–2025, a portion was earned when performance hurdles were met, and LTIP Units vested when earned.
• Filing timeliness: Not late (filed within two days of the reported date).

Context

• LTIP Units are derivative units in Easterly’s Operating Partnership that, subject to tax‑allocation conditions and issuer consent, can be converted by the holder into common partnership units and then presented for redemption for cash equal to the fair market value of a share or, at the issuer’s election, exchanged for shares of common stock. LTIP Units are generally not convertible without the issuer’s consent until two years after grant. This transaction is a compensation award—common for executives—and does not represent an open‑market buy or sell.