0000950170-24-006590.txt : 20240123 0000950170-24-006590.hdr.sgml : 20240123 20240123165203 ACCESSION NUMBER: 0000950170-24-006590 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240119 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Crate Darrell W CENTRAL INDEX KEY: 0001201028 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36834 FILM NUMBER: 24553213 MAIL ADDRESS: STREET 1: 138 CONANT STREET CITY: BEVERLY STATE: MA ZIP: 01915 FORMER NAME: FORMER CONFORMED NAME: CRATE DARRELL W DATE OF NAME CHANGE: 20021024 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Easterly Government Properties, Inc. CENTRAL INDEX KEY: 0001622194 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 472047728 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2001 K STREET NW STREET 2: SUITE 775 NORTH CITY: WASHINGTON STATE: DC ZIP: 20006 BUSINESS PHONE: (202) 595-9500 MAIL ADDRESS: STREET 1: 2001 K STREET NW STREET 2: SUITE 775 NORTH CITY: WASHINGTON STATE: DC ZIP: 20006 4 1 ownership.xml 4 X0508 4 2024-01-19 0001622194 Easterly Government Properties, Inc. DEA 0001201028 Crate Darrell W C/O EASTERLY GOVERNMENT PROPERTIES, INC. 2001 K STREET NW, SUITE 775 NORTH WASHINGTON DC 20006 true true false false CEO false Common Stock 2024-01-19 4 C false 69305 0.00 A 161479 D LTIP Units 2024-01-19 4 C false 24415 0 D Common Stock 24415 0 D LTIP Units 2024-01-19 4 C false 1914 0 D Common Stock 1914 0 D LTIP Units 2024-01-19 4 C false 19800 0 D Common Stock 19800 0 D LTIP Units 2024-01-19 4 C false 23176 0.00 D Common Stock 23176 0 D 69,305 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"). Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 2, 2019 through December 31, 2021. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common 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 elect to 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 grant date. These redemption rights have no expiration dates. Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 3, 2020 through December 31, 2022. Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 4, 2021 through December 31, 2023. Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, which vested on December 31, 2023. /s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate 2024-01-23