Form 4: CEO Marshall Loeb Reports Tax Withholding on EGP Shares

Eastgroup Properties CEO Marshall A. Loeb reported the disposition of 4,754 common shares for tax withholding purposes following the vesting of restricted stock.

Summary

• Marshall A. Loeb, Chief Executive Officer and Director of Eastgroup Properties Inc. (EGP), reported a transaction on January 1, 2026.
• The transaction involved the disposition of 4,754 shares of common stock.
• These shares were withheld by the issuer to cover tax obligations related to the vesting of 10,845 restricted shares.
• The shares were valued at $178.14 per share for the purpose of the tax withholding transaction.
• Following this transaction, Marshall A. Loeb beneficially owns 141,799 shares of Eastgroup Properties common stock directly.
• The withholding was permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is a routine tax withholding event following the vesting of restricted stock, indicating executive compensation and retention. It is not a discretionary sale by the insider.

Positives

• The vesting of 10,845 restricted shares indicates ongoing executive compensation and retention for the CEO, aligning management interests with shareholders.
• The transaction is a routine and expected event, demonstrating adherence to the company's established equity incentive plans.

Negatives

• The disposition of 4,754 shares, even for tax purposes, results in a slight reduction in the CEO's direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor dilution from the vesting of shares, but the tax withholding itself is a neutral event that does not reflect a discretionary sale by the CEO.
• Employees: Reflects standard executive compensation practices under the company's equity incentive plans.

Key Dates

Keywords

Eastgroup Properties, EGP, Marshall Loeb, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, CEO, Director, Equity Incentive Plan