Executive VP at EastGroup (NYSE: EGP) reports ownership of 2,997 shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
EastGroup Properties’ Executive Vice President Todd A. Johnson has filed an initial ownership report showing his stake in the company. He beneficially owns 2,997 shares of common stock, including 1,871 time-based restricted shares granted under the 2023 Equity Incentive Plan.
Of these restricted shares, 660 vest ratably on each of January 1, 2027, 2028 and 2029, 1,000 vest ratably on each of January 1, 2027, 2028, 2029 and 2030, and 211 vest ratably based on 2026 performance goals, beginning when the compensation committee certifies results, expected in February 2027, and on January 1, 2028, 2029 and 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Todd A.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,997 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Common shares owned: 2,997 shares
Time-based restricted shares: 1,871 shares
Three-year vesting tranche: 660 shares
+3 more
6 metrics
Common shares owned
2,997 shares
Total common stock beneficially owned on initial Form 3
Time-based restricted shares
1,871 shares
Granted under 2023 Equity Incentive Plan
Three-year vesting tranche
660 shares
Vest ratably on Jan 1, 2027, 2028, 2029
Four-year vesting tranche
1,000 shares
Vest ratably on Jan 1, 2027, 2028, 2029, 2030
Performance-based tranche
211 shares
Vest ratably after 2026 performance certification and Jan 1, 2028–2030
Expected performance certification
February 2027
Compensation committee certification date for 2026 awards
Key Terms
time-based restricted shares, 2023 Equity Incentive Plan, performance-based awards
3 terms
2023 Equity Incentive Plan financial
"Includes 1,871 shares of time-based restricted shares granted pursuant to the Issuer's 2023 Equity Incentive Plan."
performance-based awards financial
"the goals related to the 2026 performance-based awards, which is expected to occur in February 2027"
FAQ
What does Todd A. Johnson’s Form 3 filing for EGP show?
The Form 3 shows Executive Vice President Todd A. Johnson beneficially owns 2,997 shares of EastGroup Properties common stock, including time-based restricted shares granted under the 2023 Equity Incentive Plan with multi-year vesting schedules.
Does Todd A. Johnson’s EGP Form 3 indicate any recent stock purchases or sales?
The Form 3 functions as an initial ownership report rather than a trade record. It lists Todd Johnson’s 2,997 common shares, including restricted stock, without identifying any specific stock purchases or sales on the reported date.