Form 4: EGP Executive's Stock Vesting & Tax Withholding

Eastgroup Properties Executive Vice President Ryan M. Collins reported the vesting of restricted shares and the withholding of shares for tax obligations.

Summary

• Ryan M. Collins, Executive Vice President of Eastgroup Properties Inc. (EGP), reported a transaction on January 1, 2026.
• 2,279 restricted shares vested on this date.
• 1,174 shares were withheld by the Issuer to cover tax withholding obligations.
• The shares withheld for tax purposes were valued at $178.14 per share.
• This transaction was permitted under the Issuer's 2013 Equity Incentive Plan, as amended, and 2023 Equity Incentive Plan.
• Following this transaction, Ryan M. Collins beneficially owns 17,777 shares of Common Stock directly.

Sentiment

Score: 6

Explanation: The filing reports a routine compensation event (vesting of restricted shares) for an executive, which is a positive for the individual but generally neutral for the company's immediate stock outlook. Tax withholding is a standard procedure.

Positives

• 2,279 restricted shares vested for Executive Vice President Ryan M. Collins, representing a realization of compensation.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event for an executive and is unlikely to have a significant direct impact on shareholders, as it reflects standard equity incentive plan operations.
• Employees: The vesting of restricted shares demonstrates the company's commitment to its equity compensation plans for key personnel.

Key Dates

Keywords

Eastgroup Properties, EGP, SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Equity Incentive Plan, Ryan M. Collins