Marshall A. Loeb - Feb 15, 2023 Form 4 Insider Report for EASTGROUP PROPERTIES INC (EGP)

Role
President and CEO, Director
Signature
/s/ Whitney Denham, Attorney-in-Fact for Marshall A. Loeb
Stock symbol
EGP
Transactions as of
Feb 15, 2023
Transactions value $
-$766,637
Form type
4
Date filed
2/17/2023, 03:27 PM
Previous filing
Jan 4, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGP Common Stock Award $0 +9.88K +9.74% $0.00 111K Feb 15, 2023 Direct F1
transaction EGP Common Stock Award $0 +6.27K +5.63% $0.00 118K Feb 15, 2023 Direct F2
transaction EGP Common Stock Tax liability -$767K -4.54K -3.86% $168.90 113K Feb 15, 2023 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 2020 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 15, 2023) and one-fourth on January 1, 2024.
F2 Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2022 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 15, 2023) and one-third on each of January 1, 2024 and 2025.
F3 On February 15, 2023, 10,234 restricted shares vested and the Reporting Person instructed the Issuer to withhold 4,539 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended.