4//SEC Filing
Baivier Meghan G. 4
Accession 0001209191-22-004048
CIK 0001622194other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 4:44 PM ET
Size
7.2 KB
Accession
0001209191-22-004048
Insider Transaction Report
Form 4
Baivier Meghan G.
EVP & COO
Transactions
- Award
LTIP Units
2022-01-18+24,626→ 29,337 total→ Common Stock (24,626 underlying)
Footnotes (3)
- [F1]Represents 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 2, 2019 through December 31, 2021 (the "LTIP Unit Award"), and 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. 50% of the LTIP Units vested when earned and 50% will vest on January 2, 2023, subject to continued employment.
Documents
Issuer
Easterly Government Properties, Inc.
CIK 0001622194
Entity typeother
Related Parties
1- filerCIK 0001642739
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 4:44 PM ET
- Size
- 7.2 KB