Form 4: Easterly Government Properties Director William H. Binnie Receives Equity Grant

Easterly Government Properties, Inc. Director William H. Binnie was granted 5,499 shares of common stock as part of the company's 2024 Equity Incentive Plan, increasing his beneficial ownership to 19,207 shares.

Summary

• William H. Binnie, a Director of Easterly Government Properties, Inc. (DEA), acquired 5,499 shares of common stock.
• The acquisition occurred on June 18, 2025, and was a grant with a price of $0.00 per share.
• These shares were granted under the Issuer's 2024 Equity Incentive Plan.
• The shares will vest upon the earlier of the first anniversary of the grant date or the next annual stockholder meeting, contingent on Mr. Binnie's continued service as a director.
• Following this transaction, Mr. Binnie beneficially owns 19,207 shares of common stock.
• All share figures are presented on a post-split basis, reflecting the 1-for-2.5 reverse stock split completed on April 28, 2025.

Sentiment

Score: 6

Explanation: The document reports a routine equity grant to a director, which is a positive for aligning interests but does not indicate significant new financial performance or strategic shifts.

Positives

• The grant of 5,499 shares to Director William H. Binnie aligns his interests with those of shareholders, as the shares vest based on continued service and future performance.

Future Outlook

The granted shares are subject to future vesting, which will occur upon the earlier of the first anniversary of the grant date (June 18, 2026) or the next annual stockholder meeting, contingent on the director's continued service.

Industry Context

Director equity grants are a common practice in the real estate investment trust (REIT) sector, including government-leased properties, to align the interests of board members with long-term shareholder value. This practice incentivizes directors to contribute to the company's sustained performance and growth.

Corporate Governance

Related Party Transactions

• The grant of common stock to William H. Binnie, a director, constitutes a related party transaction as part of his compensation under the company's 2024 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: The equity grant to a director aligns management's interests with shareholder value, potentially fostering long-term growth and stability.

Next Steps

• Vesting of 5,499 common stock shares upon the earlier of the first anniversary of the grant date (June 18, 2026) or the next annual stockholder meeting, subject to continued service.

Key Dates

Keywords

Easterly Government Properties, DEA, Form 4, Insider Transaction, Equity Grant, Director Compensation, Stock Ownership, Reverse Stock Split