Marino Allison E. 4
4 · Easterly Government Properties, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Easterly (DEA) CFO Allison E. Marino Receives 40 LTIP Units
What Happened
- Allison E. Marino, EVP and Chief Financial Officer of Easterly Government Properties (DEA), was granted 40 long-term incentive units (LTIP Units) on 2026-02-18. The Form 4 reports the acquisition as an award (code A) with a reported acquisition price of $0.00; these are derivative securities rather than open-market common stock purchases.
- The LTIP Units were earned based on performance vesting hurdles covering Jan 3, 2023 through Dec 31, 2025 and were vested when earned per the compensation committee's determination.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
- Reported acquisition: 40 LTIP Units at $0.00 (derivative award).
- Shares/units owned after the transaction: not specified in the filing.
- Footnotes: The units are LTIP Units under the 2015 Equity Incentive Plan; vested LTIP Units may be converted (subject to certain tax allocation conditions) into common partnership units and may be redeemable for cash equal to a share's fair market value or exchanged for one share of common stock at the issuer's election. LTIP Units are generally not convertible without the issuer's consent until two years from grant. The reported total aggregates LTIP Units earned earlier (including Jan 20, 2026).
Context
- This was an awarded long-term incentive (compensation) grant, not an open-market trade; such awards are routine executive compensation and do not by themselves signal a purchase or sale decision by the insider.
- Because these are derivative LTIP Units with conversion/redemption mechanics and timing restrictions, their immediate economic value and potential share dilution depend on future elections and company actions.
Insider Transaction Report
Form 4
Marino Allison E.
EVP, CFO
Transactions
- Award
LTIP Units
[F1][F2][F3]2026-02-18+40→ 2,111 total→ Common Stock (40 underlying)
Footnotes (3)
- [F1]Represents additional 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, 2023 through December 31, 2025 ("LTIP Unit Award"), which were earned upon the determination by the Issuer's compensation committee that the performance vesting hurdles had been achieved.
- [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.
- [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, including LTIP Units earned on January 20, 2026. LTIP Units vested when earned.
Signature
/s/ Franklin V. Logan, Attorney-in-fact for Allison E. Marino|2026-02-20