EastGroup Properties (EGP) officer reports tax share withholding on RSU vest
Rhea-AI Filing Summary
EastGroup Properties executive reports tax-related share withholding. A company officer, serving as President, reported a routine equity transaction involving restricted stock. On January 1, 2026, 2,816 restricted shares of EastGroup Properties common stock vested, and the officer instructed the company to withhold 1,163 shares to cover tax withholding obligations under the company’s 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan, at a price of $178.14 per share. Following this transaction, the officer beneficially owned 19,467 shares of common stock directly. The filing indicates this Form 4 relates to a single reporting person and reflects an administrative step tied to equity compensation rather than an open-market purchase or sale.
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FAQ
What insider transaction did EastGroup Properties (EGP) disclose in this Form 4?
The filing reports that on January 1, 2026, EastGroup Properties’ President had 2,816 restricted shares vest and instructed the company to withhold 1,163 shares to satisfy tax withholding obligations.
Did the EastGroup Properties (EGP) officer sell shares on the open market?
No open-market sale is reported. The 1,163 shares were withheld by the company to cover tax obligations in connection with vested restricted stock under the company’s equity incentive plans.
How many EastGroup Properties (EGP) shares does the reporting person own after the transaction?
After the reported transaction, the officer beneficially owned 19,467 shares of EastGroup Properties common stock, held directly.
What equity plans are involved in this EastGroup Properties (EGP) Form 4 filing?
The restricted shares that vested and the related tax withholding are governed by EastGroup Properties’ 2013 Equity Incentive Plan, as amended, and its 2023 Equity Incentive Plan.
What was the price used for the withheld EastGroup Properties (EGP) shares?
The 1,163 shares withheld to cover tax obligations were valued at a price of $178.14 per share, as stated in the Form 4.
Who signed the EastGroup Properties (EGP) Form 4 and on what date?
The Form 4 was signed by Ceejaye Peters as Attorney-in-Fact for Richard Reid Dunbar on January 5, 2026.