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Executive VP at EastGroup (NYSE: EGP) reports ownership of 2,997 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  1. [object Object]
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
time-based restricted shares financial
"Includes 1,871 shares of time-based restricted shares granted pursuant to the Issuer's 2023 Equity Incentive Plan."
Time-based restricted shares are company stock granted to employees or insiders that cannot be sold or fully owned until they unlock after a set period of time. Think of them like a savings account that gradually becomes accessible: they help keep key people tied to the company and can change the total number of tradable shares when they become available, which matters for investor returns and expectations about future selling pressure.
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"
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Learn about SEC filing dates
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Johnson Todd A.

(Last)(First)(Middle)
C/O EASTGROUP PROPERTIES, INC.
400 W PARKWAY PLACE, SUITE 100

(Street)
RIDGELAND MISSISSIPPI 39157

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
06/30/2026
3. Issuer Name and Ticker or Trading Symbol
EASTGROUP PROPERTIES INC [ EGP ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive Vice President
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock2,997(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 1,871 shares of time-based restricted shares granted pursuant to the Issuer's 2023 Equity Incentive Plan. 660 of the shares vest ratably on each of January 1, 2027, 2028 and 2029; 1,000 of the shares vest ratably on each of January 1, 2027, 2028, 2029 and 2030; and 211 of the shares vest ratably on the date the Issuer's Compensation Committee certifies the satisfaction of the goals related to the 2026 performance-based awards, which is expected to occur in February 2027, and each of January 1, 2028, 2029 and 2030.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/ Todd A. Johnson07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

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.

How many restricted shares does EGP executive Todd Johnson hold?

Todd Johnson holds 1,871 time-based restricted shares of EastGroup Properties common stock. These were granted under the company’s 2023 Equity Incentive Plan and are scheduled to vest in multiple tranches from 2027 through 2030.

What is the vesting schedule for Todd Johnson’s 660-share EGP restricted stock tranche?

A block of 660 restricted shares vests ratably on each of January 1, 2027, 2028 and 2029. This means equal portions of those 660 shares become fully owned each year across that three-year period.

How do the 1,000-share restricted stock grants for EGP’s Todd Johnson vest?

A separate grant of 1,000 restricted shares vests ratably on January 1, 2027, 2028, 2029 and 2030. Equal portions of that 1,000-share award become fully vested on each of those four annual vesting dates.

What are the performance-based vesting terms for Todd Johnson’s 211 EGP shares?

The 211 shares vest ratably once the compensation committee certifies 2026 performance awards, expected in February 2027, and on January 1 of 2028, 2029 and 2030. Vesting depends on satisfying specific performance-related goals.

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.