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EGP (EGP) executive awarded 266 restricted shares under 2023 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

COLEMAN JOHN F reported acquisition or exercise transactions in this Form 4 filing.

EASTGROUP PROPERTIES INC Executive Vice President John F. Coleman received an award of 266 shares of common stock as a grant under the company’s 2023 Equity Incentive Plan. The award consists of time-based restricted shares granted at a stated price of $0.0000 per share.

These restricted shares vest one-fourth when the Compensation Committee certifies the goals related to the 2026 performance-based awards, and one-fourth on each of January 1, 2028, 2029 and 2030. After this award, Coleman directly owns 101,489 shares of common stock.

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Negative

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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*
COLEMAN JOHN F

(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
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
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 02/25/2026 A 266(1) A $0 101,489 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. Award of time-based restricted shares pursuant to the Issuer's 2023 Equity Incentive Plan. These restricted shares vest one-fourth on the date the Issuer's Compensation Committee certifies the satisfaction of the goals related to the 2026 performance-based awards and one-fourth on each of January 1, 2028, 2029 and 2030.
Remarks:
/s/ Whitney Denham, Attorney-in-Fact for John F. Coleman 02/27/2026
** 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.

FAQ

What did EGP executive John F. Coleman report in this Form 4?

John F. Coleman reported receiving an award of 266 restricted shares of EASTGROUP PROPERTIES INC common stock. The grant was made at a stated price of $0.0000 per share under the company’s 2023 Equity Incentive Plan as a non-cash equity compensation award.

How many EGP shares does John F. Coleman own after this transaction?

After this restricted stock grant, John F. Coleman directly owns 101,489 shares of EASTGROUP PROPERTIES INC common stock. This total reflects his holdings immediately following the award of 266 time-based restricted shares disclosed in the Form 4 insider trading report.

What type of shares did EGP grant to John F. Coleman?

EASTGROUP PROPERTIES INC granted John F. Coleman time-based restricted shares of common stock. The award covers 266 shares issued under the 2023 Equity Incentive Plan, with vesting tied partly to performance-related certification and partly to specific future calendar dates through 2030.

How do the 266 restricted EGP shares vest for John F. Coleman?

The 266 restricted shares vest one-fourth when the Compensation Committee certifies goals for 2026 performance-based awards. The remaining portions vest one-fourth on January 1, 2028, one-fourth on January 1, 2029, and one-fourth on January 1, 2030, subject to the plan terms.

Was John F. Coleman’s EGP share award a market purchase or sale?

The transaction was an acquisition by grant or award, not a market trade. The Form 4 lists transaction code “A” for grant, award, or other acquisition, and a transaction price of $0.0000 per share, indicating compensation-related equity rather than an open-market purchase or sale.

Under which plan were the 266 EGP restricted shares awarded?

The 266 restricted shares were awarded under EASTGROUP PROPERTIES INC’s 2023 Equity Incentive Plan. This plan provides for equity-based compensation, and in this case granted time-based restricted common shares to Executive Vice President John F. Coleman with a multi-year vesting schedule.
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