Form 4: EastGroup Properties Executive Ryan M. Collins Reports Share Transaction
SEC Form 4 Filing
Senior Vice President Ryan M. Collins of EastGroup Properties reports the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On January 1, 2025, Ryan M. Collins, a Senior Vice President at EastGroup Properties, had 2,548 restricted shares vest.
- Collins instructed the issuer to withhold 1,401 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, Collins directly owns 15,831 shares of EastGroup Properties common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neutral to slightly positive as it indicates the executive is receiving vested shares.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | 2,548 restricted shares vested, and 1,401 shares were withheld for tax obligations. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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