0000950170-25-024919.txt : 20250221 0000950170-25-024919.hdr.sgml : 20250221 20250221164426 ACCESSION NUMBER: 0000950170-25-024919 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250219 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250221 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: 25652660 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 2025-02-19 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 President & CEO false LTIP Units 2025-02-19 4 A false 10121 0 A Common Stock 10121 10121 D 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 3, 2022 through December 31, 2024 ("LTIP Unit Award"), and a portion of which were earned upon the determination by the Issuer's compensation committee that the performance vesting hurdles had been achieved. 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. The total number of derivative securities represents the aggregate of all LTIP Units earned by the reporting person pursuant to the LTIP Unit Award. LTIP Units vested when earned. /s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate 2025-02-21