EastGroup Properties appoints Ropa and Werner
The enlarged board has eight independent directors, and committee assignments for the two appointees remain undetermined.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
EastGroup Properties, Inc. (EGP) appointed Bethany Logan Ropa and Robyn R. Werner as independent directors effective October 1, 2026, increasing its board from seven to nine; eight of the nine directors are independent. Committee assignments remain undetermined. Ropa has been chief financial officer of JE Dunn Construction Group since 2025, following investment-banking roles at UBS. Werner retired in 2025 as an assurance partner at Ernst & Young, where she worked with real estate, hospitality and construction clients.
Under the Independent Director Compensation Policy, each is entitled to prorated cash and equity retainers through the next annual meeting. Non-employee directors receive an annual $80,000 cash retainer, an annual restricted-stock retainer grant with a $145,000 fair market value, and an initial restricted-stock grant with a $25,000 fair market value. EastGroup intends to enter into an indemnification agreement with each appointee.
Filing Explained
The annual restricted-stock grant vests in full at the earlier of one year after grant or the next annual meeting, and the initial grant vests in full after one year; both require continuous board service through vesting.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Board size before appointments: 7 directors
Board size after appointments: 9 directors
Independent directors: 8 directors
+3 more
6 metrics
Board size before appointments
7 directors
Before the October 1, 2026 appointments
Board size after appointments
9 directors
Following the October 1, 2026 appointments
Independent directors
8 directors
Of the 9 directors following the appointments
Annual cash retainer
$80,000 per year
Non-employee director compensation policy
Annual restricted-stock retainer grant
$145,000 fair market value
Non-employee director compensation policy
Initial restricted-stock grant
$25,000 fair market value
Non-employee director compensation policy
Key Terms
Independent Director Compensation Policy, restricted stock, indemnification agreement
3 terms
Independent Director Compensation Policy financial
"pursuant to the Company's Independent Director Compensation Policy"
restricted stock financial
"annual retainer grant of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
indemnification agreement regulatory
"intends to enter into an indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who joined EGP's board?
Bethany Logan Ropa and Robyn R. Werner joined EastGroup Properties' board as independent directors, effective October 1, 2026. Their appointments increased the board from seven to nine directors, eight of whom are independent.
What compensation will EGP's new directors receive?
Under EastGroup's Independent Director Compensation Policy, non-employee directors receive an annual $80,000 cash retainer, an annual restricted-stock retainer grant with a $145,000 fair market value, and an initial restricted-stock grant with a $25,000 fair market value. The new directors are entitled to prorated retainers through the next annual meeting.
When do EGP director restricted-stock grants vest?
The annual restricted-stock retainer grant vests in full on the earlier of the grant's one-year anniversary or the next annual meeting following the grant, subject to continuous board service. The initial restricted-stock grant vests in full on the grant's one-year anniversary, also subject to continuous board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 1, 2026
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||||||||
(Address of Principal Executive Offices, including zip code)
(601 ) 354-3555
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | |||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1 of 3 Pages
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 1, 2026 , the Board of Directors (the “Board”) of EastGroup Properties, Inc. (the “Company”) increased the size of the Board from seven to nine directors and appointed each of Bethany Logan Ropa and Robyn R. Werner to the Board as an independent director to fill the vacancies resulting from such increase, each effective as of October 1, 2026 . Committee assignments for Ms. Ropa and Ms. Werner have not yet been determined.
The Company intends to enter into an indemnification agreement with each of Ms. Ropa and Ms. Werner in connection with her appointment to the Board, which will contain provisions that may require the Company to, among other things: indemnify each of Ms. Ropa and Ms. Werner against liabilities that may arise by reason of her status or service as a director to the fullest extent permitted under Maryland law and the Company’s bylaws and articles of incorporation, and advance each of Ms. Ropa and Ms. Werner expenses incurred as a result of any proceeding against her as to which she could be indemnified. The foregoing description is only a summary of, and is qualified in its entirety by reference to, the indemnification agreements, the form of which was filed as an exhibit to the Company’s Form 10-Q filed October 28, 2020. There are no arrangements or understandings between either of Ms. Ropa or Ms. Werner and any other persons pursuant to which either was appointed a director of the Company. There are no transactions in which either has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Upon appointment to the Board, each of Ms. Ropa and Ms. Werner became entitled to compensation pursuant to the Company's Independent Director Compensation Policy, including a pro-rated portion of the Company’s non-employee director cash and equity compensation retainers for her service from October 1, 2026 through the date of the Company’s next annual meeting of shareholders. Non-employee directors receive an annual cash retainer of $80,000 and an annual retainer grant of restricted stock with a fair market value equal to $145,000. The restricted shares will vest in full on the earlier of the one-year anniversary of the date of grant or the date of the next annual meeting of shareholders following the date of grant, subject to continuous service on the Board through such vesting date. Non-employee directors also receive an initial grant of restricted stock with a fair market value equal to $25,000. The restricted shares will vest in full on the one-year anniversary of the date of grant, subject to continuous service on the Board through such vesting date.
Item 7.01 Regulation FD Disclosure.
On October 1, 2026, the Company issued a press release announcing the appointment of each of Ms. Ropa and Ms. Werner to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||||||||
99.1 | Press release dated October 1, 2026 | ||||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
2 of 3 Pages
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 1, 2026
| EASTGROUP PROPERTIES, INC. | |||||
| By: /s/ STACI H. TYLER | |||||
| Staci H. Tyler Executive Vice President, Chief Financial Officer and Treasurer | |||||
3 of 3 Pages
400 W. Parkway Place, Suite 100, Ridgeland, MS 39157 | TEL: 601-354-3555 | www.eastgroup.net EastGroup Properties Announces New Directors JACKSON, MISSISSIPPI, October 1, 2026 — EastGroup Properties, Inc. (NYSE: EGP) (the “Company” or “EastGroup”) announced today that Bethany Logan Ropa and Robyn R. Werner have been appointed to the EastGroup board of directors (the “Board”) effective October 1, 2026. Their appointments expand the Company’s Board to nine directors, eight of whom are independent. Since 2025, Ms. Ropa has served as Chief Financial Officer of JE Dunn Construction Group (“JE Dunn”), a privately held general contractor focused on building large commercial projects across the United States. She previously served on JE Dunn’s board of directors from 2021 to 2024, including serving as Chair of the Nominating and Governance Committee. From 2008 to 2025, Ms. Ropa worked at UBS in the Real Estate, Lodging and Leisure investment banking group, most recently serving as Managing Director and Head of Americas. Ms. Werner, a Certified Public Accountant, was an Assurance Partner with Ernst & Young LLP (“EY”) from 2008 until her retirement in 2025. During her time with EY, she focused on the real estate, hospitality and construction industry and served as the lead partner or quality partner for audits of numerous public real estate investment trusts. Ms. Werner held a variety of leadership roles at EY, including National Real Estate, Hospitality and Construction Assurance Leader; Regional Real Estate, Hospitality and Construction Assurance Leader; and Regional Market Co-leader for the industry sector. Donald F. Colleran, Chairman of the Board, commented, “On behalf of the Board, I am pleased to announce the appointments of Bethany Ropa and Robyn Werner as directors of the Company. With Bethany and Robyn joining the Board, we are excited to expand the Board’s skillsets, and we welcome the varied industry knowledge and expertise that each brings to EastGroup’s Board, its executive team, and our shareholders.” About EastGroup Properties, Inc. EastGroup, a member of the S&P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in high- growth markets throughout the United States with an emphasis in the states of Texas, Florida, California, Arizona and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 20,000 to 100,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. The Company’s portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 67.0 million square feet. EastGroup Properties, Inc. press releases are available at www.eastgroup.net. Contact: investor@eastgroup.net