Form 4: Eastgroup EVP Sells Shares for Tax Obligations

Eastgroup Properties' Executive Vice President, John F. Coleman, disposed of 1,411 shares of common stock to cover tax withholding obligations related to vested restricted shares.

Summary

• John F. Coleman, Executive Vice President and Director of Eastgroup Properties Inc. (EGP), reported a transaction on January 1, 2026.
• The transaction involved the disposal of 1,411 shares of common stock at a price of $178.14 per share.
• This disposal was specifically to cover tax withholding obligations associated with the vesting of 3,045 restricted shares.
• The withholding of shares is permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and the 2023 Equity Incentive Plan.
• Following this transaction, Mr. Coleman directly beneficially owns 96,277 shares of Eastgroup Properties Inc. common stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine and expected insider transaction for tax withholding purposes following the vesting of restricted shares, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• 3,045 restricted shares vested for John F. Coleman, indicating the fulfillment of performance or tenure conditions under the company's equity incentive plans.

Negatives

• 1,411 shares of common stock were disposed of, reducing the direct beneficial ownership by that amount, although this was for tax purposes rather than a discretionary sale.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across all publicly traded companies and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine executive compensation-related transaction and not a discretionary sale indicating a change in management's outlook.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Eastgroup Properties, EGP, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Equity Incentive Plan, John F. Coleman, Rule 10b5-1