EastGroup Properties (EGP) director receives 707-share annual equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOLTON H ERIC JR reported acquisition or exercise transactions in this Form 4 filing.
EastGroup Properties Inc reported that director Eric H. Bolton Jr. received a grant of 707 shares of Common Stock as an annual equity retainer under the company’s 2023 Equity Incentive Plan. These restricted shares vest 100% on the earlier of one year from grant or the next annual stockholder meeting.
After this grant, Bolton directly holds 16,316 shares of EastGroup Properties common stock. The grant reflects standard independent director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOLTON H ERIC JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 707 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,316 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 707 shares
Total shares after grant: 16,316 shares
Grant price per share: $0.00 per share
3 metrics
Restricted shares granted
707 shares
Annual equity retainer award on 2026-05-29
Total shares after grant
16,316 shares
Director’s direct holdings following transaction
Grant price per share
$0.00 per share
Equity award, no cash paid by director
Key Terms
restricted shares of common stock, Independent Director Compensation Policy, 2023 Equity Incentive Plan
3 terms
Independent Director Compensation Policy financial
"granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"
2023 Equity Incentive Plan financial
"adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"
FAQ
What insider transaction did EastGroup Properties (EGP) report for Eric H. Bolton Jr.?
EastGroup Properties reported that director Eric H. Bolton Jr. received a grant of 707 shares of Common Stock. This was an annual equity retainer award, not an open-market trade, granted under the company’s 2023 Equity Incentive Plan as part of director compensation.
What is Eric H. Bolton Jr.’s total EastGroup Properties (EGP) holding after this Form 4 transaction?
Following the grant, Eric H. Bolton Jr. directly holds 16,316 shares of EastGroup Properties Common Stock. This total reflects his position after receiving the 707-share annual equity retainer award disclosed in the Form 4 insider transaction report.
Under what plan was the EastGroup Properties (EGP) equity grant to Eric H. Bolton Jr. made?
The equity grant was made under the EastGroup Properties, Inc. 2023 Equity Incentive Plan. It was issued pursuant to the company’s Independent Director Compensation Policy, which provides annual equity retainer awards of restricted common stock to independent board members.