MARSHALL A. LOEB - 12 Feb 2025 Form 4 Insider Report for EASTGROUP PROPERTIES INC (EGP)

Role
President and CEO, Director
Signature
/s/Ceejaye Peters, Attorney-in-Fact for Marshall A. Loeb
Issuer symbol
EGP
Transactions as of
12 Feb 2025
Transactions value $
-$695,050
Form type
4
Filing time
14 Feb 2025, 17:48:24 UTC
Previous filing
03 Jan 2025
Next filing
03 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGP Common Stock Award $0 +6,452 +4.99% $0 135,803 12 Feb 2025 Direct F1
transaction EGP Common Stock Award $0 +8,864 +6.53% $0 144,667 12 Feb 2025 Direct F2
transaction EGP Common Stock Tax liability -$695,049 -3,886 -2.69% $178.86 140,781 12 Feb 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2022 long-term incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest three-fourths on the performance goal certification date (February 12, 2025) and one-fourth on January 1, 2026.
F2 Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2024 annual incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest one-third on the performance goal certification date (February 12, 2025) and one-third on each of January 1, 2026 and 2027.
F3 On February 12, 2025, 8,880 restricted shares vested and the Reporting Person instructed the Issuer to withhold 3,886 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.