EastGroup Properties (NYSE: EGP) CEO granted new restricted stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EastGroup Properties Inc. chief executive Marshall A. Loeb reported equity award activity and related tax withholding in company stock. On February 13, 2026, he acquired 21,275 restricted shares tied to the 2023 long-term incentive program and 7,328 restricted shares under the 2025 annual incentive program, both granted under the 2023 Equity Incentive Plan with multi-year vesting schedules.
On the same date, 19,967 previously granted restricted shares vested and he directed the company to withhold 8,656 shares at $190.92 per share to satisfy tax obligations. After these transactions, he directly owned 161,746 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LOEB MARSHALL A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,275 | $0.00 | -- |
| Grant/Award | Common Stock | 7,328 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,656 | $190.92 | $1.65M |
Holdings After Transaction:
Common Stock — 163,074 shares (Direct)
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, 19,967 restricted shares vested and the Reporting Person instructed the Issuer to withhold 8,656 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.
FAQ
What insider transactions did EastGroup (EGP) CEO Marshall Loeb report on February 13, 2026?
Marshall A. Loeb reported equity awards and tax-related share withholding. He received restricted common stock grants under the 2023 Equity Incentive Plan and had previously granted restricted shares vest, with a portion of those vested shares withheld to cover tax obligations.
What are the vesting terms of the new EastGroup (EGP) restricted stock awards to the CEO?
For the 2023 long-term incentive award, three-fourths of the restricted shares vest on February 13, 2026, and one-fourth on January 1, 2027. For the 2025 annual incentive award, one-third vests on February 13, 2026, and one-third on each of January 1, 2027 and 2028.
What equity plans are referenced in EastGroup (EGP) CEO Marshall Loeb’s Form 4 filing?
All reported awards and withholdings relate to EastGroup’s 2023 Equity Incentive Plan. The Form 4 covers restricted shares granted under the 2023 long-term incentive program and the 2025 annual incentive program, plus tax withholding on vested restricted stock.