Logan Franklin V. 4

What Happened
Logan Franklin V., EVP, General Counsel & Secretary of Easterly Government Properties (DEA), was granted/awarded 19 derivative LTIP Units on 2026-02-18. The Form 4 reports the units at $0.00 per unit (an award under the company's equity plan), so no cash was exchanged.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20. Transaction code: A (award/grant).
• Reported amount: 19 derivative securities (LTIP Units) at $0.00.
• Shares/units owned after transaction: not disclosed in the filing.
• Footnote highlights:
  • F1: These are additional LTIP Units in the Operating Partnership granted under the 2015 Equity Incentive Plan and were earned based on performance for Jan 3, 2023–Dec 31, 2025, as certified by the compensation committee.
  • F2: Vested LTIP Units may be convertible (subject to tax-allocation conditions and typically a 2‑year conversion restriction) into common units and redeemable for cash equal to the fair market value of a share of common stock, or exchanged by the issuer for one share.
  • F3: The reported total aggregates all LTIP Units earned by the reporting person, including LTIP Units earned on 2026-01-20; LTIP Units vested when earned.

Context
This was a compensation award (not an open‑market purchase or sale). Awards like LTIP Units are common as long‑term incentive pay tied to performance metrics and typically do not by themselves signal insider buying or selling intent. Conversion/redeemability provisions mean these units can ultimately result in cash or stock, but conversions are generally restricted for two years unless the issuer consents.