EastGroup Properties (EGP) SVP granted 202 restricted stock units

Rhea-AI Filing Summary

Rayner Michelle reported acquisition or exercise transactions in this Form 4 filing.

EastGroup Properties Senior Vice President and Chief Accounting Officer Michelle Rayner reported an equity award of 202 shares of common stock. The grant is a time-based restricted stock award under the company’s 2023 Equity Incentive Plan, with vesting tied partly to 2026 performance goals and then annually on January 1, 2028, 2029 and 2030. After this award, Rayner directly holds a total of 5,180 common shares.

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

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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^*

Rayner Michelle

(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)
	Senior Vice President, CAO

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		202(1)	A	$0	5,180	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 Michelle Rayner	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).
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FAQ

What insider transaction did EastGroup Properties (EGP) report for Michelle Rayner?

EastGroup Properties reported that Senior Vice President and CAO Michelle Rayner received a grant of 202 restricted common shares. The award was reported as an acquisition, not an open-market purchase, under the company’s 2023 Equity Incentive Plan.

How many EastGroup Properties (EGP) shares does Michelle Rayner hold after this Form 4?

After this equity award, Michelle Rayner directly holds 5,180 shares of EastGroup Properties common stock. This total reflects the addition of 202 restricted shares granted under the 2023 Equity Incentive Plan reported in the Form 4 filing.

What type of equity award did EastGroup Properties (EGP) grant to Michelle Rayner?

Michelle Rayner received a time-based restricted stock award of 202 EastGroup Properties common shares. The award was granted pursuant to the company’s 2023 Equity Incentive Plan and is structured to vest over multiple future dates and conditions.

How do the 202 restricted shares granted to Michelle Rayner vest at EastGroup Properties (EGP)?

The 202 restricted shares vest one-fourth when the Compensation Committee certifies goals related to 2026 performance-based awards. The remaining three-fourths vest in equal installments on January 1, 2028, January 1, 2029, and January 1, 2030, subject to the plan terms.

Was there a purchase price for Michelle Rayner’s EastGroup Properties (EGP) restricted shares?

The Form 4 shows a per-share price of $0.0000 for the 202 restricted shares, indicating the award was granted without a cash purchase. It represents compensation in the form of equity under the 2023 Equity Incentive Plan.