EastGroup COO awarded 1,603 restricted shares
WOOD BRENT reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
WOOD BRENT reported acquisition or exercise transactions in this Form 4 filing.
EastGroup Properties Executive Vice President and COO Brent Wood reported receiving a grant of 1,603 shares of common stock as an equity award. The award was made at no cash cost to him and increased his directly held stake to 121,342 shares. These are time-based restricted shares under the company’s 2023 Equity Incentive Plan. One-fourth of the award vests when the Compensation Committee certifies the goals tied to 2026 performance-based awards, and the remaining portions vest in equal installments on January 1 of 2028, 2029, and 2030.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
FAQ
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What insider transaction did EastGroup Properties (EGP) report for Brent Wood?
What type of equity did Brent Wood receive from EastGroup Properties (EGP)?
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