EastGroup Properties (EGP) EVP withholds vested shares for tax obligations
Rhea-AI Filing Summary
EastGroup Properties executive reports share withholding for taxes. A Form 4 filing shows that Executive Vice President John F. Coleman had 3,045 restricted shares vest on January 1, 2026. He instructed EastGroup Properties to withhold 1,411 common shares at $178.14 per share to cover tax withholding obligations under the company’s 2013 and 2023 Equity Incentive Plans, rather than selling them on the open market. After this tax-related withholding, he beneficially owns 96,277 EastGroup Properties shares directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,411 | $178.14 | $251K |
Footnotes (1)
- F1. On January 1, 2026, 3,045 restricted shares vested and the Reporting Person instructed the Issuer to withhold 1,411 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
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FAQ
What insider transaction did EastGroup Properties (EGP) report in this filing?
The filing reports that Executive Vice President John F. Coleman had 3,045 restricted shares vest on January 1, 2026 and 1,411 of those shares were withheld to satisfy tax obligations.
Does this EastGroup Properties (EGP) Form 4 reflect an open-market sale?
No. The Form 4 explains that the 1,411 shares were withheld by the issuer to cover tax withholding obligations, as permitted under EastGroup’s 2013 and 2023 Equity Incentive Plans, instead of being sold in the open market.
What is John F. Coleman’s role at EastGroup Properties (EGP)?
John F. Coleman is identified in the filing as an officer of EastGroup Properties, serving as Executive Vice President.