EastGroup Properties (EGP) EVP receives stock awards, withholds shares for tax
Rhea-AI Filing Summary
EastGroup Properties Executive Vice President Ryan M. Collins reported equity award activity involving the company’s common stock. On February 13, 2026, he acquired 4,066 restricted shares tied to the 2023 long-term incentive program and 1,604 restricted shares under the 2025 annual incentive program, both granted pursuant to the 2023 Equity Incentive Plan. The long-term incentive award vests three-fourths on the performance goal certification date of February 13, 2026 and one-fourth on January 1, 2027, while the annual incentive award vests one-third on February 13, 2026 and one-third on each of January 1, 2027 and January 1, 2028. On the same date, 3,808 previously granted restricted shares vested, and 1,938 shares were withheld at $190.92 per share to cover tax obligations, leaving 21,509 shares of common stock held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,066 | $0.00 | -- |
| Grant/Award | Common Stock | 1,604 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,938 | $190.92 | $370K |
Footnotes (1)
- Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2023 long-term incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest three-fourths on the performance goal certification date (February 13, 2026) and one-fourth on January 1, 2027. Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2025 annual incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest one-third on the performance goal certification date (February 13, 2026) and one-third on each of January 1, 2027 and 2028. On February 13, 2026, 3,808 restricted shares vested and the Reporting Person instructed the Issuer to withhold 1,938 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.