Form 4: Eastgroup Properties President's Stock Tax Withholding

Eastgroup Properties President Richard Reid Dunbar disposed of 1,163 shares of common stock for tax withholding purposes following the vesting of restricted shares.

Summary

• Richard Reid Dunbar, President of Eastgroup Properties Inc. (EGP), reported a transaction on January 1, 2026.
• The transaction involved the disposition of 1,163 shares of common stock at a price of $178.14 per share.
• This disposition was for tax withholding obligations, as permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
• Prior to this, 2,816 restricted shares had vested on the same date.
• Following the reported transaction, Richard Reid Dunbar beneficially owns 19,467 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the underlying vesting of restricted shares, which is a positive event for the executive, even though the subsequent disposition is a neutral, mandatory tax event.

Positives

• 2,816 restricted shares vested for President Richard Reid Dunbar, indicating successful achievement of performance or tenure milestones.

Negatives

• No direct negatives are identified as the disposition was a non-discretionary tax withholding event.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a discretionary sale by management.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary transaction where shares were withheld for tax obligations following the vesting of restricted stock. It does not indicate any change in the company's fundamentals, strategic direction, or management's confidence, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

EGP, Eastgroup Properties, Form 4, insider transaction, stock disposition, tax withholding, restricted shares, equity incentive plan, Richard Reid Dunbar