EastGroup CEO awarded new restricted stock
EastGroup Properties Inc. chief executive Marshall A. Loeb reported equity award activity and related tax withholding in company stock.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,275 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,328 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,656 | $190.92 | $1.65M |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
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What insider transactions did EastGroup (EGP) CEO Marshall Loeb report on February 13, 2026?
What are the vesting terms of the new EastGroup (EGP) restricted stock awards to the CEO?
What equity plans are referenced in EastGroup (EGP) CEO Marshall Loeb’s Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.