EastGroup CEO reports vested shares and tax withholding transaction
EastGroup Properties Inc. Chief Executive Officer and director Marshall A. Loeb reported an equity transaction involving company common stock.
Rhea-AI Filing Summary
EastGroup Properties Inc. Chief Executive Officer and director Marshall A. Loeb reported an equity transaction involving company common stock. On January 1, 2026, 10,845 restricted shares vested, and he instructed the company to withhold 4,754 shares to cover tax withholding obligations under EastGroup’s 2013 and 2023 Equity Incentive Plans. The shares were withheld at a price of $178.14 per share. After this tax withholding transaction, Loeb beneficially owned 141,799 shares of EastGroup Properties common stock in direct ownership.
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,754 | $178.14 | $847K |
Footnotes (1)
- F1. On January 1, 2026, 10,845 restricted shares vested and the Reporting Person instructed the Issuer to withhold 4,754 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did EGP report for Marshall A. Loeb?
Marshall A. Loeb, Chief Executive Officer and director of EastGroup Properties Inc. (EGP), reported a transaction where vested restricted shares were used in part to cover tax withholding obligations.
What is Marshall A. Loeb’s relationship to EastGroup Properties?
Marshall A. Loeb is both a director and the Chief Executive Officer of EastGroup Properties Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.