Colantuoni Brian M 4
Research Summary
AI-generated summary
Easterly (DEA) SVP Brian Colantuoni Receives LTIP Award
What Happened
- Brian M. Colantuoni, Senior Vice President and Chief Accounting Officer of Easterly Government Properties (DEA), was granted 2,786 LTIP Units in the Operating Partnership on 2026-05-20. The grant is reported as an award/derivative (code A) with a reported acquisition price of $0 (no cash paid at grant).
- This was a compensation award, not an open-market purchase or sale. The LTIP Units are performance- and service-based and do not represent immediate common stock; their eventual economic value depends on vesting/conversion and achievement of performance hurdles.
Key Details
- Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (appears timely).
- Amount granted: 2,786 LTIP Units; reported price at grant: $0 (derivative award).
- Shares/units owned after transaction: not specified in the provided filing excerpt.
- Footnote summary:
- F1: LTIP Units vest on the fifth anniversary of the grant, subject to continued service and achievement of specified performance hurdles before the eighth anniversary.
- F2: Each LTIP Unit may be converted (if tax-allocated) into a Common Unit, which can be redeemed for cash equal to the fair market value of a share of the issuer's common stock or, at the issuer’s election, exchanged for one share of common stock; conversion/redeem rights do not expire.
- Transaction code: A (award/grant); derivative instrument (LTIP Units), not direct common stock.
Context
- This is a typical equity-compensation grant for an executive: it conveys potential future value contingent on service and performance rather than immediate ownership of tradable shares. Such awards are routine parts of executive pay and do not by themselves indicate a buy/sell signal.