BINNIE WILLIAM H 4
4 · Easterly Government Properties, Inc. · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Easterly (DEA) Director William H. Binnie Receives LTIP Award
What Happened
William H. Binnie, a director of Easterly Government Properties, Inc. (DEA), was granted 5,983 LTIP Units on April 29, 2026. The units were reported as acquired at $0.00 (transaction code A — award/grant). The award vests upon the earlier of the first anniversary of the grant or the next annual stockholder meeting, subject to his continued service as a director.
Key Details
- Transaction date: 2026-04-29; Form 4 filed 2026-04-30 (timely filing).
- Transaction type/code: Award/Grant (A).
- Amount: 5,983 LTIP Units; reported acquisition price $0.00.
- Shares owned after transaction: not specified in the filing excerpt provided.
- Vesting: earlier of one-year anniversary or next annual meeting, contingent on continued service (see F1).
- Conversion/redemption rights (F2): LTIP Units may be converted into Common Units, which can be redeemed for cash equal to the fair market value of a share or, at the issuer’s election, exchanged for one share of common stock; conversion/redemption rights do not expire.
Context
These LTIP Units are a form of equity compensation issued under Easterly’s 2024 Equity Incentive Plan and are derivative interests rather than an open-market purchase or sale. Such grants are typically routine director compensation and are not, by themselves, a direct buy or sell signal; any future conversion or redemption could result in shares or cash value to the holder.
Insider Transaction Report
- Award
LTIP Units
[F1][F2]2026-04-29+5,983→ 5,983 total→ Common Stock (5,983 underlying)
Footnotes (2)
- [F1]Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted pursuant to the Issuer's 2024 Equity Incentive Plan, as amended. The LTIP Units, and the common units of limited partnership interest in the Operating Partnership (each, a "Common Unit") into which such LTIP Units may be converted, will vest upon the earlier of the first anniversary of the date of grant or the next annual stockholder meeting, subject to the Reporting Person's continued service as a director of the Issuer through such date.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder or the Operating Partnership, into 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. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.