COLEMAN JOHN F 4

What Happened

• John F. Coleman, Executive Vice President of EastGroup Properties (EGP), was granted 266 restricted shares on February 25, 2026. The shares were reported as an award/acquisition (code A) at $0.00 per share (total reported acquisition value $0).
• This is a compensation award (not an open‑market purchase or sale) under the issuer’s equity plan.

Key Details

• Transaction date: 2026-02-25; filing date (Form 4): 2026-02-27 (appears timely).
• Transaction type: Award/Grant of restricted shares (SEC code A).
• Shares granted: 266; reported acquisition price: $0.00 per share.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote (F1): Awarded under the 2023 Equity Incentive Plan. Vesting: one‑fourth upon certification by the Compensation Committee that goals related to 2026 performance‑based awards are met, and then one‑fourth on each of Jan 1, 2028, 2029 and 2030.

Context

• These are time‑based restricted shares subject to vesting and likely forfeitable until vesting occurs; they generally reflect long‑term compensation rather than an immediate trading signal.
• Because this is an award (not a sale or buy), it should be viewed as part of executive pay and retention rather than a direct endorsement to buy or sell EGP stock.