EastGroup Properties (EGP) CAO reports tax withholding on vested shares
Rhea-AI Filing Summary
EastGroup Properties executive reports tax withholding on vested shares. Senior Vice President and Chief Accounting Officer Michelle Rayner reported that on January 1, 2026, 735 restricted shares of EastGroup Properties, Inc. common stock vested. To cover tax withholding obligations under the company’s 2013 and 2023 Equity Incentive Plans, she instructed the company to withhold 341 shares at a price of $178.14 per share, reported as a code F transaction. After this withholding, she beneficially owned 4,978 shares of EastGroup Properties common stock directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 341 | $178.14 | $61K |
Footnotes (1)
- F1. On January 1, 2026, 735 restricted shares vested and the Reporting Person instructed the Issuer to withhold 341 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
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FAQ
What insider transaction did EastGroup Properties (EGP) report for Michelle Rayner?
EastGroup Properties reported that Senior Vice President and Chief Accounting Officer Michelle Rayner had 735 restricted shares vest on January 1, 2026, and 341 of those shares were withheld to satisfy tax withholding obligations.
What type of transaction code is shown in this EastGroup Properties (EGP) Form 4?
The transaction is reported with code F, which in this context reflects shares withheld to satisfy tax withholding obligations upon vesting of restricted stock.
Which equity incentive plans are referenced in the EastGroup Properties (EGP) Form 4 filing?
The filing references the EastGroup Properties 2013 Equity Incentive Plan, as amended, and the 2023 Equity Incentive Plan as the plans under which the restricted shares vested and tax withholding occurred.