Easterly Government Properties grants 844,000 performance-based LTIP units to executives and directors

Easterly Government Properties, Inc.

LTIP units vest in full on 5-year anniversary subject to stock price appreciation of at least 50% ($33.78) from $22.52 baseline.
Full vesting at 60% appreciation ($36.03); linear interpolation for price between $33.78 and $36.03.
CEO Crate received 425,000 units; CFO Ibe 160,000; COO Marino 70,000; other NEOs and directors also awarded.
Awards aim to retain key leadership after recent executive turnover; include catch-up distributions and change-in-control provisions.
Grant covers 844,000 LTIP units under the 2024 Equity Incentive Plan; performance period runs 8 years.

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