0000950170-24-001921.txt : 20240104
0000950170-24-001921.hdr.sgml : 20240104
20240104163223
ACCESSION NUMBER: 0000950170-24-001921
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: Logan Franklin V.
CENTRAL INDEX KEY: 0001967500
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36834
FILM NUMBER: 24512420
MAIL ADDRESS:
STREET 1: EASTERLY GOVERNMENT PROPERTIES, INC.
STREET 2: 2001 K STREET NW, SUITE 775 NORTH
CITY: WASHINGTON
STATE: DC
ZIP: 20006
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
0001967500
Logan Franklin V.
2001 K STREET NW
SUITE 775 NORTH
WASHINGTON
DC
20006
false
true
false
false
EVP, GC & Secretary
false
LTIP Units
2024-01-02
4
A
false
5115
0.00
A
Common Stock
5115
5115
D
LTIP Units
2024-01-02
4
A
false
894
0
A
Common Stock
894
894
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/ Allison E. Marino, Attorney-in-fact for Franklin V. Logan
2024-01-04