Form 4: EastGroup Properties CEO Marshall Loeb Disposes of Shares for Tax Obligations
SEC Form 4 Filing
CEO Marshall Loeb disposed of 5,691 shares of EastGroup Properties stock to cover tax withholding obligations after restricted shares vested.
Summary
- On January 1, 2025, Marshall Loeb, the President and CEO of EastGroup Properties, disposed of 5,691 shares of common stock.
- The shares were withheld by the issuer to cover tax obligations related to the vesting of 12,884 restricted shares.
- The transaction was executed at a price of $160.49 per share.
- Following the transaction, Loeb directly owns 129,351 shares of EastGroup Properties stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into insider transactions, allowing investors to track the buying and selling activity of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Restricted shares vested, and 5,691 shares were disposed of to cover tax withholding obligations. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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