0000950170-24-001958.txt : 20240104 0000950170-24-001958.hdr.sgml : 20240104 20240104163721 ACCESSION NUMBER: 0000950170-24-001958 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240102 FILED AS OF DATE: 20240104 DATE AS OF CHANGE: 20240104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Baivier Meghan G. CENTRAL INDEX KEY: 0001642739 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36834 FILM NUMBER: 24512638 MAIL ADDRESS: STREET 1: C/O EASTERLY GOVERNMENT PROPERTIES, INC. STREET 2: 2101 L STREET NW, SUITE 750 CITY: WASHINGTON STATE: DC ZIP: 20037 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 2024-01-02 0001622194 Easterly Government Properties, Inc. DEA 0001642739 Baivier Meghan G. 2001 K STREET NW SUITE 775 NORTH WASHINGTON DC 20006 false true false false President & COO false LTIP Units 2024-01-02 4 A false 38461 0.00 A Common Stock 38461 38461 D LTIP Units 2024-01-02 4 A false 6728 0 A Common Stock 6728 6728 D 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 2015 Equity Incentive Plan, as amended (the "Plan"). 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 on December 31, 2026 in accordance with the terms of the award and subject to the reporting person's continued employment. 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, 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. Represents the maximum number of LTIP Units in the Operating Partnership granted as long-term incentive compensation pursuant to the Plan that may be earned based on the Issuer's performance through December 31, 2026. Subject to the reporting person's continued employment, earned LTIP Units will vest when earned following the end of the performance period. /s/ Franklin V. Logan, Attorney-in-fact for Meghan G. Baivier 2024-01-04