EastGroup (EGP) director receives 707-share annual equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALOIAN D PIKE reported acquisition or exercise transactions in this Form 4 filing.
EastGroup Properties director D. Pike Aloian reported an equity grant and updated holdings. On May 29, 2026, Aloian received a grant of 707 restricted shares of common stock as an annual equity retainer under the company’s 2023 Equity Incentive Plan. The grant carried a stated price of $0.00 per share and is compensation, not a market purchase.
These restricted shares vest 100% on the earlier of one year from grant or the next annual stockholder meeting. After this award, Aloian directly holds 28,694 common shares. An additional 7,522 shares are held indirectly by the spouse, and Aloian disclaims beneficial ownership of those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ALOIAN D PIKE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 707 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,694 shares (Direct, null);
Common Stock — 7,522 shares (Indirect, By spouse)
Footnotes (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. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Restricted shares granted: 707 shares
Grant price: $0.00 per share
Direct holdings after grant: 28,694 shares
+1 more
4 metrics
Restricted shares granted
707 shares
Annual equity retainer grant on May 29, 2026
Grant price
$0.00 per share
Restricted share award compensation value per share
Direct holdings after grant
28,694 shares
Common stock directly held following the reported transaction
Indirect spouse holdings
7,522 shares
Common stock held by spouse; beneficial ownership disclaimed
Key Terms
restricted shares, Independent Director Compensation Policy, 2023 Equity Incentive Plan, vest, +2 more
6 terms
Independent Director Compensation Policy financial
"granted in accordance with the Independent Director Compensation Policy adopted"
2023 Equity Incentive Plan financial
"adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"
vest financial
"These restricted shares vest one hundred percent (100%) on the earlier of"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of these securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did EastGroup Properties (EGP) director D. Pike Aloian report on this Form 4?
Director D. Pike Aloian reported receiving an annual grant of 707 restricted shares of EastGroup Properties common stock. The filing also updated his direct holdings to 28,694 shares and disclosed 7,522 shares held indirectly by his spouse.
What are D. Pike Aloian’s direct EastGroup (EGP) holdings after this transaction?
After the grant, D. Pike Aloian directly holds 28,694 shares of EastGroup Properties common stock. This total reflects the newly awarded restricted shares plus his existing direct stake reported in the filing.
What indirect EastGroup (EGP) holdings are reported for the director’s spouse?
The filing shows 7,522 shares of EastGroup Properties common stock held indirectly by the director’s spouse. Aloian expressly disclaims beneficial ownership of these securities for Section 16 and other legal purposes, according to the footnote disclosure.
Was the EastGroup (EGP) director’s Form 4 transaction a market purchase or sale?
The Form 4 does not show a market purchase or sale. It reports an equity award of 707 restricted shares at a stated price of $0.00 per share as compensation under the company’s director equity incentive plan.