Marshall A. Loeb - Feb 14, 2024 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 14, 2024
Transactions value $
-$1,484,742
Form type
4
Date filed
2/16/2024, 05:19 PM
Previous filing
Feb 14, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGP Common Stock Award $0 +18.2K +16.46% $0.00 129K Feb 14, 2024 Direct F1
transaction EGP Common Stock Award $0 +10.5K +8.11% $0.00 139K Feb 14, 2024 Direct F2
transaction EGP Common Stock Tax liability -$1.48M -8.09K -5.8% $183.46 131K Feb 14, 2024 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 2021 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 14, 2024) and one-fourth on January 1, 2025.
F2 Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2023 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 14, 2024) and one-third on each of January 1, 2025 and 2026.
F3 On February 14, 2024, 18,372 restricted shares vested and the Reporting Person instructed the Issuer to withhold 8,093 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended.