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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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.
How many EastGroup Properties (EGP) shares were withheld for taxes in this Form 4?
The filing states that 341 shares of EastGroup Properties common stock were withheld to cover tax withholding obligations in connection with the vesting of restricted shares.
What price was used for the tax withholding shares in the EastGroup Properties (EGP) Form 4?
The 341 withheld shares were valued at $178.14 per share for purposes of covering tax withholding obligations.
How many EastGroup Properties (EGP) shares does Michelle Rayner own after this transaction?
Following the reported transaction, Michelle Rayner beneficially owned 4,978 shares of EastGroup Properties common stock directly.
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.