What are the vesting terms of Pamela Shelley-Kessler’s 707-share restricted stock grant at EGP?

The 707 restricted shares vest 100% on the one-year anniversary of the grant date. This award is an initial grant made under the Independent Director Compensation Policy adopted pursuant to EastGroup’s 2013 Equity Incentive Plan, subject to that policy’s conditions.

Are Pamela Shelley-Kessler’s new EGP share awards related to a trading plan or open-market purchase?

No, the Form 4 shows both awards as grants of restricted common stock under director compensation policies, not open-market purchases. They are classified as grant or award acquisitions and reflect standard equity compensation rather than discretionary trading activity in EastGroup’s shares.

EastGroup Properties (EGP) director granted 829 restricted shares as equity compensation

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SHELLEY-KESSLER PAMELA reported acquisition or exercise transactions in this Form 4 filing.

EastGroup Properties Inc. director Pamela Shelley-Kessler received two equity awards of common stock as director compensation. On May 29, 2026, she was granted 707 restricted shares as an initial award under the 2013 Equity Incentive Plan and 122 restricted shares as an annual equity retainer under the 2023 Equity Incentive Plan. Both grants were made at no cash cost to her and will vest 100% after roughly one year, subject to the specific vesting conditions described in the company’s director compensation policies.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SHELLEY-KESSLER PAMELA

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	122	$0.00	--
Grant/Award	Common Stock	707	$0.00	--

Holdings After Transaction: Common Stock — 222 shares (Direct, null)

Footnotes (1)

Initial award of restricted shares of common stock in accordance with the Independent Director Compensation Policy adopted pursuant to the 2013 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the one-year anniversary of the date of grant. Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders following the date of grant.

Key Figures

Initial restricted stock grant: 707 shares Annual equity retainer grant: 122 shares Grant price per share: $0.00 per share +2 more

5 metrics

Initial restricted stock grant 707 shares Initial award under 2013 Equity Incentive Plan on May 29, 2026

Annual equity retainer grant 122 shares Annual retainer under 2023 Equity Incentive Plan on May 29, 2026

Grant price per share $0.00 per share Reported transaction price for both restricted stock awards

Initial award vesting 100% after 1 year 707 restricted shares vest on one-year anniversary of grant date

Annual retainer vesting 100% earlier of 1 year or meeting 122 restricted shares vest at earlier of one year or next annual meeting

Key Terms

restricted shares, Independent Director Compensation Policy, 2013 Equity Incentive Plan, 2023 Equity Incentive Plan, +1 more

5 terms

restricted shares financial

"Initial award of restricted shares of common stock in accordance with the Independent Director Compensation Policy"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Independent Director Compensation Policy financial

"in accordance with the Independent Director Compensation Policy adopted pursuant to the 2013 Equity Incentive Plan"

2013 Equity Incentive Plan financial

"adopted pursuant to the 2013 Equity Incentive Plan. These restricted shares vest one hundred percent"

2023 Equity Incentive Plan financial

"retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan"

annual equity retainer financial

"Annual equity retainer award of restricted shares of common stock granted in accordance"

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 05:21 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

SHELLEY-KESSLER PAMELA

(Last)

(First)

(Middle)

C/O EASTGROUP PROPERTIES, INC.

400 W PARKWAY PLACE STE 100

(Street)

RIDGELAND

MISSISSIPPI

39157

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
EASTGROUP PROPERTIES INC [ EGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/29/2026		A		122⁽¹⁾	A	$0	222	D
Common Stock	05/29/2026		A		707⁽²⁾	A	$0	929	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Initial award of restricted shares of common stock in accordance with the Independent Director Compensation Policy adopted pursuant to the 2013 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the one-year anniversary of the date of grant.

2. Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders following the date of grant.

Remarks:

	/s/Ceejaye Peters, Attorney-in-Fact for Pamela J. Kessler	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EastGroup Properties (EGP) report for Pamela Shelley-Kessler?

Pamela Shelley-Kessler reported receiving two grants of restricted common stock as director compensation. She was awarded 707 restricted shares as an initial grant and 122 restricted shares as an annual equity retainer, both dated May 29, 2026, with no cash paid per share.

How many EastGroup Properties (EGP) shares were granted to Pamela Shelley-Kessler?

She received a total of 829 EastGroup Properties common shares across two awards. One award covered 707 restricted shares as an initial director grant, and a second award covered 122 restricted shares as her annual equity retainer under the company’s equity incentive plans.

At what price were the EastGroup Properties (EGP) shares granted to Pamela Shelley-Kessler?

Both equity awards were granted at a reported price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase. These restricted shares are part of EastGroup’s Independent Director Compensation Policy under its equity incentive plans.

When do the 122 restricted shares granted to Pamela Shelley-Kessler at EGP vest?

The 122 restricted shares vest 100% on the earlier of one year from the grant date or the next annual stockholder meeting. This award serves as an annual equity retainer under EastGroup’s 2023 Equity Incentive Plan and follows the director compensation policy.