Form 4: EastGroup Properties Executive Ryan Collins Reports Stock Transactions
SEC Form 4 Filing
Ryan Collins, an Executive Vice President at EastGroup Properties, reported the acquisition and disposal of company stock related to incentive programs and tax obligations.
Summary
- On February 12, 2025, Ryan Collins, an Executive Vice President at EastGroup Properties, acquired 1,229 shares of common stock related to the 2022 long-term incentive program.
- These shares vest in installments, with three-fourths vesting on February 12, 2025, and one-fourth on January 1, 2026.
- Collins also acquired 1,980 shares related to the 2024 annual incentive program, vesting in thirds on February 12, 2025, January 1, 2026, and January 1, 2027.
- Additionally, 937 shares were withheld on February 12, 2025, to cover tax obligations at a price of $178.86 per share.
- Following these transactions, Collins directly owns 18,103 shares of EastGroup Properties common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to compensation and tax obligations.
Positives
- The acquisition of shares indicates confidence in the company's performance and future prospects.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of earliest transaction, issuance of restricted shares, and tax withholding. |
| 02/12/2025 | Performance goal certification date for vesting of shares from 2022 long-term incentive program and 2024 annual incentive program. |
| 01/01/2026 | Vesting date for remaining shares from 2022 long-term incentive program and one-third of shares from 2024 annual incentive program. |
| 01/01/2027 | Vesting date for one-third of shares from 2024 annual incentive program. |
| 02/14/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.