EastGroup Properties (EGP) director receives 707 restricted shares as annual equity retainer

Rhea-AI Filing Summary

McCormick Mary E reported acquisition or exercise transactions in this Form 4 filing.

EastGroup Properties Inc. director Mary E. McCormick received an equity award of 707 restricted shares of common stock. The shares were granted as an annual equity retainer under the company’s Independent Director Compensation Policy and 2023 Equity Incentive Plan, with no cash paid per share.

These restricted shares vest 100% on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders. Following this award, McCormick directly holds 24,841 shares of EastGroup Properties common stock, reflecting routine, compensation-related equity rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCormick Mary E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	707	$0.00	--

Holdings After Transaction: Common Stock — 24,841 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted shares granted: 707 shares Grant price: $0.0000 per share Total shares after transaction: 24,841 shares +1 more

4 metrics

Restricted shares granted 707 shares Annual equity retainer award of common stock

Grant price $0.0000 per share Reported transaction price for restricted share award

Total shares after transaction 24,841 shares Common stock directly held following the award

Vesting schedule 100% at earlier of one year or next annual meeting Restricted shares vesting condition from footnote

Key Terms

restricted shares, Independent Director Compensation Policy, 2023 Equity Incentive Plan, annual equity retainer award

4 terms

restricted shares financial

"Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Independent Director Compensation Policy financial

"granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"

2023 Equity Incentive Plan financial

"adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"

annual equity retainer award financial

"Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy"

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

McCormick Mary E

(Last) (First) (Middle)

C/O EASTGROUP PROPERTIES, INC.

400 W. PARKWAY PLACE, SUITE 100

(Street)

RIDGELAND MISSISSIPPI 39157

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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

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

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

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	05/29/2026		A		707(1)	A	$0	24,841	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. Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders following the date of grant.

Remarks:

	/s/Ceejaye Peters, Attorney-in-Fact for Mary E. McCormick	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did EastGroup Properties (EGP) director Mary E. McCormick report in this Form 4?

Mary E. McCormick reported receiving 707 restricted shares of EastGroup Properties common stock. The award is an annual equity retainer granted under the company’s Independent Director Compensation Policy and 2023 Equity Incentive Plan, representing compensation rather than an open-market stock purchase.

How many EastGroup Properties (EGP) shares does Mary E. McCormick hold after this grant?

After the grant, Mary E. McCormick directly holds 24,841 shares of EastGroup Properties common stock. This total includes the newly awarded 707 restricted shares, which form part of her ongoing equity-based director compensation package under the company’s incentive plan.

What type of stock award did EastGroup Properties (EGP) grant to Mary E. McCormick?

She received an annual equity retainer award of 707 restricted shares of common stock. These restricted shares were issued under EastGroup Properties’ 2023 Equity Incentive Plan in line with its Independent Director Compensation Policy, rather than being bought on the open market.

When do Mary E. McCormick’s restricted EastGroup Properties (EGP) shares vest?

The 707 restricted shares vest 100% on the earlier of two events: the one-year anniversary of the grant date or the date of EastGroup Properties’ next annual meeting of stockholders. Until vesting, the award remains subject to the plan’s restrictions and conditions.

Did Mary E. McCormick pay cash for her new EastGroup Properties (EGP) shares?

No, she did not pay cash for these shares. The 707 restricted shares were granted at a reported price of $0.0000 per share as part of her annual equity retainer compensation, consistent with awards made under the company’s 2023 Equity Incentive Plan.