Marino Allison E. 4

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.