EastGroup (EGP) president receives stock awards and withholds shares for taxes

Rhea-AI Filing Summary

EastGroup Properties President Richard Reid reported equity award activity under the company’s 2023 Equity Incentive Plan. On February 13, 2026, he acquired 4,491 restricted shares tied to the 2023 long-term incentive program and 2,089 restricted shares from the 2025 annual incentive program, both at no cash cost.

Footnotes explain these awards vest over several years, with most portions vesting on February 13, 2026 and additional tranches vesting on January 1 of 2027 and 2028. On the same date, 4,329 previously granted restricted shares vested and 1,704 shares were withheld at $190.92 per share to satisfy tax obligations.

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^*

Dunbar Richard Reid

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		A		4,491(1)	A	$0	23,958	D
Common Stock	02/13/2026		A		2,089(2)	A	$0	26,047	D
Common Stock	02/13/2026		F		1,704(3)	D	$190.92	24,343	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. 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.

2. 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.

3. On February 13, 2026, 4,329 restricted shares vested and the Reporting Person instructed the Issuer to withhold 1,704 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.

Remarks:

	/s/Ceejaye Peters, Attorney-in-Fact for Richard Reid Dunbar	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did EastGroup Properties (EGP) President Richard Reid report on this Form 4?

Richard Reid reported equity award activity in EastGroup Properties common stock, including new restricted stock grants and a tax-related share withholding. All transactions occurred on February 13, 2026 and were made under the company’s 2023 Equity Incentive Plan, reflecting standard executive compensation structures.

How many EastGroup Properties (EGP) shares did Richard Reid acquire in awards?

Richard Reid acquired 4,491 restricted shares tied to the 2023 long-term incentive program and 2,089 restricted shares from the 2025 annual incentive program. Both awards were granted at no cash cost under EastGroup Properties’ 2023 Equity Incentive Plan, subject to multi-year vesting schedules.

What are the vesting terms for Richard Reid’s new EastGroup Properties restricted shares?

The 4,491 restricted shares vest three-fourths on February 13, 2026 and one-fourth on January 1, 2027. The 2,089 restricted shares vest one-third on February 13, 2026, and one-third on each of January 1, 2027 and January 1, 2028, subject to the plan terms.

Why were 1,704 EastGroup Properties (EGP) shares withheld from Richard Reid?

On February 13, 2026, 4,329 restricted shares vested for Richard Reid, and he instructed EastGroup Properties to withhold 1,704 shares at $190.92 per share. The withheld shares covered tax withholding obligations permitted under the 2023 Equity Incentive Plan’s terms.

Did Richard Reid buy or sell EastGroup Properties shares on the open market?

The reported transactions reflect equity awards and tax withholding, not open-market trades. Restricted shares were granted at no cash price and 1,704 shares were delivered back to EastGroup Properties to satisfy tax liabilities when prior awards vested on February 13, 2026.

How did these transactions affect Richard Reid’s EastGroup Properties share holdings?

After the reported grant and withholding transactions, Richard Reid’s direct holdings changed as detailed in the filing’s share-balance figures. The activity primarily reflects routine compensation awards and related tax settlements rather than discretionary purchases or sales in the market.