Form 4: EastGroup Properties Executive Vice President Brent Wood Sells Shares
SEC Form 4 Filing
Brent Wood, Executive Vice President & CFO of EastGroup Properties, sold 1,670 shares of common stock at a weighted average price of $184.416 on September 12, 2024.
Summary
- On September 12, 2024, Brent Wood, the Executive Vice President & CFO of EastGroup Properties, sold 1,670 shares of the company's common stock.
- The sale was executed in multiple trades with prices ranging from $184.40 to $184.42, resulting in a weighted average sales price of $184.416.
- Following the transaction, Wood directly owns 110,926 shares of EastGroup Properties' common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived in various ways by stakeholders.
- Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the stock sale transaction. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
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