EastGroup Properties (EGP) EVP & COO reports 2,018 shares withheld for taxes
Rhea-AI Filing Summary
EastGroup Properties, Inc. executive files Form 4 reporting tax share withholding. The company’s Executive Vice President & COO reported an equity-related transaction dated January 1, 2026. On that date, 4,534 restricted shares vested, and the executive instructed EastGroup Properties to withhold 2,018 shares to cover tax withholding obligations under the company’s 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
After this transaction, the executive beneficially owns 112,023 shares of EastGroup Properties common stock in direct form. The reported transaction reflects tax withholding on vested equity rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,018 shares
Net Sell
1 txn
Insider
WOOD BRENT
Role
Executive Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,018 | $178.14 | $359K |
Holdings After Transaction:
Common Stock — 112,023 shares (Direct)
Footnotes (1)
- F1. On January 1, 2026, 4,534 restricted shares vested and the Reporting Person instructed the Issuer to withhold 2,018 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 in this Form 4?
The Executive Vice President & COO reported that on January 1, 2026, 4,534 restricted shares vested and 2,018 shares of EastGroup Properties common stock were withheld to satisfy tax withholding obligations under the company’s equity incentive plans.
Who is the reporting person in the EastGroup Properties (EGP) Form 4?
The reporting person is an officer of EastGroup Properties, Inc., serving as Executive Vice President & Chief Operating Officer.
What equity plans are referenced in the EastGroup Properties (EGP) Form 4 transaction?
The transaction is described as occurring under EastGroup Properties’ 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
Was this EastGroup Properties (EGP) insider transaction an open-market sale?
No. The Form 4 explains that shares were withheld to cover tax withholding obligations when restricted shares vested, rather than sold in the open market.