EastGroup (NYSE: EGP) EVP receives 7,051 restricted shares and covers taxes with stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EastGroup Properties executive vice president John F. Coleman reported equity compensation changes in company stock. On February 13, 2026, he acquired 5,011 restricted shares tied to the 2023 long-term incentive program and 2,040 restricted shares tied to the 2025 annual incentive program, both granted at no cost.
The 2023 award vests three-fourths on February 13, 2026 and one-fourth on January 1, 2027. The 2025 award vests one-third on February 13, 2026 and one-third on each of January 1, 2027 and 2028. On the same date, 4,725 restricted shares vested and 2,105 shares were withheld at $190.92 per share to cover tax obligations, leaving him with 101,223 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
COLEMAN JOHN F
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,011 | $0.00 | -- |
| Grant/Award | Common Stock | 2,040 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,105 | $190.92 | $402K |
Holdings After Transaction:
Common Stock — 101,288 shares (Direct)
Footnotes (1)
- Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2023 long-term incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest three-fourths on the performance goal certification date (February 13, 2026) and one-fourth on January 1, 2027. Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2025 annual incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest one-third on the performance goal certification date (February 13, 2026) and one-third on each of January 1, 2027 and 2028. On February 13, 2026, 4,725 restricted shares vested and the Reporting Person instructed the Issuer to withhold 2,105 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.
FAQ
What insider transactions did EastGroup Properties (EGP) report for John F. Coleman?
EastGroup Properties reported that executive vice president John F. Coleman received two stock awards totaling 7,051 restricted common shares and had 2,105 shares withheld for taxes, all dated February 13, 2026, leaving him with 101,223 common shares held directly.
Are John F. Coleman’s recent EGP stock transactions open-market buys or sales?
The reported transactions are equity compensation-related, not open-market trades. Coleman received restricted stock awards at no cost and had 2,105 shares withheld to satisfy tax obligations when previously granted restricted shares vested on February 13, 2026.