EastGroup Properties (EGP) SVP & CAO discloses 5,319 common shares
Rhea-AI Filing Summary
EastGroup Properties, Inc. has disclosed the equity holdings of a senior executive. The reporting person, who serves as Senior Vice President and Chief Accounting Officer, beneficially owns 5,319 shares of common stock of EastGroup Properties Inc. These holdings include time-based restricted shares granted under the company’s 2013 and 2023 Equity Incentive Plans. Portions of these restricted shares are scheduled to vest on January 1 of each year from 2026 through 2030, with specific tranches vesting ratably over multi-year periods. The ownership is reported as held directly.
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FAQ
How many EastGroup Properties (EGP) shares does the reporting executive beneficially own?
The executive beneficially owns 5,319 shares of EastGroup Properties Inc. common stock, as reported in the filing.
What is the role of the reporting person at EastGroup Properties (EGP)?
The reporting person is an officer of EastGroup Properties Inc., serving as Senior Vice President and Chief Accounting Officer.
What restricted stock grants are included in the 5,319 EGP shares?
The 5,319 shares include 425 time-based restricted shares granted under the 2013 Equity Incentive Plan and 1,855 time-based restricted shares granted under the 2023 Equity Incentive Plan.
When do the restricted EastGroup Properties (EGP) shares vest?
Under the 2013 plan, 125 shares vest on January 1, 2026, and 300 shares vest ratably on each of January 1, 2026 and 2027. Under the 2023 plan, 450 shares vest ratably on each of January 1, 2026, 2027 and 2028; 580 shares vest ratably on each of January 1, 2026, 2027, 2028 and 2029; and 825 shares vest ratably on each of January 1, 2026, 2027, 2028, 2029 and 2030.
Is the EastGroup Properties (EGP) stock ownership held directly or indirectly?
The 5,319 shares of common stock reported by the executive are held in direct ownership, as indicated by the “D” classification.
Does this EastGroup Properties (EGP) filing report any derivative securities?
The table for derivative securities is included, but no derivative securities are listed as beneficially owned in the provided content.