Form 4: EastGroup Properties Executive John F. Coleman Reports Share Transaction
SEC Form 4 Filing
Executive Vice President John F. Coleman of EastGroup Properties reports the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On January 1, 2025, John F. Coleman, an Executive Vice President at EastGroup Properties, had 3,378 restricted shares vest.
- Coleman instructed the issuer to withhold 1,399 shares to cover tax withholding obligations.
- The withholding was permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
- Following the transaction, Coleman beneficially owns 93,428 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction filing, indicating a neutral sentiment. It reflects standard compensation practices and does not suggest any significant positive or negative developments.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices related to equity awards and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | 3,378 restricted shares vested, and 1,399 shares were withheld for tax obligations. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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