Executive VP at EastGroup (EGP) receives 796-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EastGroup Properties Executive Vice President Ryan M. Collins acquired 796 shares of common stock through a grant of time-based restricted shares under the company’s 2023 Equity Incentive Plan. Following this award, his directly owned common stock holdings total 22,305 shares.
The restricted shares vest in four installments: one-fourth when the Compensation Committee certifies satisfaction of goals related to the 2026 performance-based awards, and the remaining one-fourth portions on January 1, 2028, January 1, 2029, and January 1, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Collins Ryan M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 796 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,305 shares (Direct)
Footnotes (1)
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FAQ
What did EastGroup Properties (EGP) insider Ryan M. Collins report on this Form 4?
Ryan M. Collins reported receiving 796 shares of EastGroup Properties common stock as a grant of time-based restricted shares. The award was made under the company’s 2023 Equity Incentive Plan and increased his directly owned holdings to 22,305 shares of common stock.
What is Ryan M. Collins’ total EastGroup Properties (EGP) ownership after this Form 4 transaction?
After receiving the 796 restricted shares, Ryan M. Collins directly owns 22,305 shares of EastGroup Properties common stock. The filing classifies his ownership as direct, reflecting his personal holdings following the equity award transaction reported on the Form 4.
Was the EastGroup Properties (EGP) Form 4 transaction a market purchase or an equity award?
The transaction was an equity award, not a market purchase. The Form 4 identifies the code as “A” for a grant, award, or other acquisition, with a transaction price per share of 0.0000, indicating a compensatory restricted stock grant to the executive.