EastGroup (NYSE: EGP) COO gets stock awards, withholds shares for taxes

Rhea-AI Filing Summary

EastGroup Properties Executive Vice President and COO Brent Wood reported stock-based compensation activity in the form of restricted share awards and tax-related share withholding.

On February 13, 2026, he received 7,754 restricted shares tied to the 2023 long-term incentive program and 3,130 restricted shares tied to the 2025 annual incentive program, both under the 2023 Equity Incentive Plan. On the same date, 7,307 previously granted restricted shares vested, and 3,168 shares were withheld at $190.92 per share to cover tax obligations. After these transactions, he directly owned 119,739 common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WOOD BRENT

(Last) (First) (Middle)

C/O EASTGROUP PROPERTIES, INC.,

400 WEST PARKWAY PLACE, SUITE 100

(Street)

RIDGELAND MS 39157

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EASTGROUP PROPERTIES INC [ EGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President & COO

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/13/2026		A		7,754(1)	A	$0	119,777	D
Common Stock	02/13/2026		A		3,130(2)	A	$0	122,907	D
Common Stock	02/13/2026		F		3,168(3)	D	$190.92	119,739	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. 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.

3. On February 13, 2026, 7,307 restricted shares vested and the Reporting Person instructed the Issuer to withhold 3,168 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.

Remarks:

	/s/Ceejaye Peters, Attorney-in-Fact for Brent Wood	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did EastGroup Properties (EGP) report for Brent Wood?

Brent Wood reported restricted stock awards and tax-related share withholding. He received 7,754 shares under the 2023 long-term incentive plan and 3,130 shares under the 2025 annual incentive program, and 3,168 vested shares were withheld to satisfy tax obligations on February 13, 2026.

How many EastGroup Properties (EGP) shares does Brent Wood own after these Form 4 transactions?

After the reported transactions, Brent Wood directly owned 119,739 shares of EastGroup Properties common stock. This figure reflects the new restricted share awards as well as the 3,168 vested shares withheld to cover tax liabilities on February 13, 2026.

What equity awards did Brent Wood receive under EastGroup Properties’ 2023 Equity Incentive Plan?

Brent Wood received 7,754 restricted shares tied to the 2023 long-term incentive program and 3,130 restricted shares under the 2025 annual incentive program. Both awards were issued pursuant to EastGroup Properties’ 2023 Equity Incentive Plan upon satisfaction of specified performance goals.

How and when will Brent Wood’s new EastGroup Properties restricted shares vest?

The 7,754 restricted shares vest three-fourths on February 13, 2026 and one-fourth on January 1, 2027. The 3,130 restricted shares vest one-third on February 13, 2026 and one-third on each of January 1, 2027 and January 1, 2028, subject to the plan terms.

Why were 3,168 EastGroup Properties shares disposed of in Brent Wood’s Form 4?

The 3,168-share disposition was a tax-withholding transaction, not an open-market sale. When 7,307 restricted shares vested on February 13, 2026, Brent Wood instructed the company to withhold 3,168 shares at $190.92 each to cover tax withholding obligations.

What is the significance of the $190.92 price in Brent Wood’s EastGroup Properties Form 4?

The $190.92 figure is the price per share used for tax withholding on vested shares. When 7,307 restricted shares vested, 3,168 of them were withheld at $190.92 per share to satisfy Brent Wood’s tax obligations under the 2023 Equity Incentive Plan.