Brent Wood - Feb 16, 2022 Form 4 Insider Report for EASTGROUP PROPERTIES INC (EGP)

Role
Executive Vice President & CFO
Signature
/s/ Whitney Denham, Attorney-in-Fact for Brent Wood
Stock symbol
EGP
Transactions as of
Feb 16, 2022
Transactions value $
-$502,041
Form type
4
Date filed
2/18/2022, 03:22 PM
Previous filing
Jan 4, 2022
Next filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGP Common Stock Award $0 +5.86K +6.09% $0.00 102K Feb 16, 2022 Direct F1
transaction EGP Common Stock Award $0 +4.41K +4.32% $0.00 106K Feb 16, 2022 Direct F2
transaction EGP Common Stock Tax liability -$502K -2.63K -2.47% $190.89 104K Feb 16, 2022 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 2019 long-term incentive program. These restricted shares were awarded pursuant to the Issuer's 2013 Equity Incentive Plan, as amended, and vest three-fourths on the performance goal certification date (February 16, 2022) and one-fourth on January 1, 2023.
F2 Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2021 annual incentive program. These restricted shares were awarded pursuant to the Issuer's 2013 Equity Incentive Plan, as amended, and vest one-third on the performance goal certification date (February 16, 2022) and one-third on each of January 1, 2023 and 2024.
F3 On February 16, 2022, 6,251 restricted shares vested and the Reporting Person instructed the Issuer to withhold 2,630 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended.