EastGroup (EGP) awards director 707 restricted common shares

Rhea-AI Filing Summary

Fields David Michael reported acquisition or exercise transactions in this Form 4 filing.

EastGroup Properties director David Michael Fields received a grant of 707 restricted shares of common stock as his annual equity retainer under the company’s 2023 Equity Incentive Plan. The shares were awarded at no cash cost to him and will vest 100% on the earlier of one year from grant or the next annual stockholders’ meeting. Following this award, he directly owns 4,035 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fields David Michael

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	707	$0.00	--

Holdings After Transaction: Common Stock — 4,035 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted shares granted: 707 shares Grant price: $0.0000 per share Total shares after grant: 4,035 shares +1 more

4 metrics

Restricted shares granted 707 shares Annual equity retainer award on May 29, 2026

Grant price $0.0000 per share Equity compensation, no cash paid by director

Total shares after grant 4,035 shares Director’s direct holdings following transaction

Vesting percentage 100% Vests in full after one year or next annual meeting

Key Terms

restricted shares of common stock, Independent Director Compensation Policy, 2023 Equity Incentive Plan

3 terms

restricted shares of common stock financial

"Annual equity retainer award of restricted shares of common stock granted in accordance"

Restricted shares of common stock are company shares that cannot be sold or transferred until specific conditions are met, such as a set time period, performance targets, or regulatory approvals; they are often granted to founders, employees or early investors. They matter to investors because when the restrictions lift those shares can enter the market and increase the supply, potentially diluting existing holders and changing the stock’s price, similar to a locked faucet being opened and more water joining the flow.

Independent Director Compensation Policy financial

"granted in accordance with the Independent Director Compensation Policy adopted pursuant"

2023 Equity Incentive Plan financial

"adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fields David Michael

(Last) (First) (Middle)

C/O EASTGROUP PROPERTIES, INC.

400 W PARKWAY PLACE STE 100

(Street)

RIDGELAND MISSISSIPPI 39157

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EASTGROUP PROPERTIES INC [ EGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		A		707(1)	A	$0	4,035	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders following the date of grant.

Remarks:

	/s/Ceejaye Peters, Attorney-in-Fact for David M. Fields	06/02/2026
	** Signature of Reporting Person	Date
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 4 (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 4: SEC 1474 (03-26)

FAQ

What did EastGroup Properties (EGP) director David Michael Fields report in this Form 4?

David Michael Fields reported receiving 707 restricted shares of EastGroup Properties common stock as an annual equity retainer. The shares were granted at no cash cost and are part of the company’s 2023 Equity Incentive Plan for independent directors.

Is the EastGroup Properties (EGP) Form 4 transaction a market purchase or sale?

The Form 4 transaction is not a market purchase or sale. It is a grant of 707 restricted shares as compensation under an equity incentive plan, with no price paid per share and no open-market trading involved.

How many EastGroup Properties (EGP) shares does David Michael Fields hold after this grant?

After receiving the 707 restricted shares, David Michael Fields directly holds 4,035 shares of EastGroup Properties common stock. This figure includes the newly granted restricted shares, which are subject to vesting conditions described in the award terms.

When do the restricted shares granted to the EastGroup Properties (EGP) director vest?

The restricted shares vest 100% on the earlier of two events: one year after the grant date or the date of EastGroup Properties’ next annual meeting of stockholders. Until vesting, the shares remain subject to the plan’s restrictions.

What plan governs the restricted share grant reported by EastGroup Properties (EGP)?

The restricted share grant is made under the EastGroup Properties, Inc. 2023 Equity Incentive Plan. It is described as an annual equity retainer award granted in accordance with the company’s Independent Director Compensation Policy for non-employee directors.