secwatch.observer — SEC 8-K summary
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Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001622194-25-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000162219425000010/0001622194-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000162219425000010/dea-20250826.htm
  HTML page:      https://secwatch.observer/filing/0001622194-25-000010

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