EastGroup Properties (EGP) CEO Loeb reports vested stock and tax withholding
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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FAQ
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.
How many EastGroup Properties (EGP) restricted shares vested for the CEO?
On January 1, 2026, a total of 10,845 restricted shares of EastGroup Properties common stock vested for Marshall A. Loeb.
How many EGP shares were withheld for taxes in this transaction?
The company withheld 4,754 shares of EastGroup Properties common stock from the vested restricted shares to cover Marshall A. Loeb’s tax withholding obligations.
At what price were the withheld EastGroup Properties shares valued?
The 4,754 shares withheld for taxes were valued at $178.14 per share.
How many EastGroup Properties (EGP) shares does Marshall A. Loeb own after the transaction?
Following the reported transaction, Marshall A. Loeb beneficially owned 141,799 shares of EastGroup Properties common stock in direct ownership.
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.
Under which plans did the EastGroup Properties restricted shares vest?
The 10,845 restricted shares vested under EastGroup Properties’ 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.