CORKERN BRUCE 4
4 · EASTGROUP PROPERTIES INC · Filed Mar 5, 2018
Insider Transaction Report
Form 4
CORKERN BRUCE
Senior Vice President
Transactions
- Award
Common Stock
2018-03-01+2,327→ 58,715 total - Award
Common Stock
2018-03-01+682→ 59,397 total - Tax Payment
Common Stock
2018-03-01$80.93/sh−582$47,101→ 58,815 total
Footnotes (4)
- [F1]Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2017 annual incentive plan. These restricted shares were awarded pursuant to the Company's 2013 Equity Incentive Plan, as amended, and vest one-fifth on the performance goal certification date (March 1, 2018) and one-fifth on each of January 1, 2019, 2020, 2021 and 2022.
- [F2]Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2017 transitional long-term incentive plan. These restricted shares were awarded pursuant to the Company's 2013 Equity Incentive Plan, as amended, and vest one-fourth on the performance goal certification date (March 1, 2018) and one-fourth on each of January 1, 2019, 2020 and 2021.
- [F3]On March 1, 2018, 1,365 restricted shares vested and the Reporting Person instructed the Company to withhold 582 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan, as amended.
- [F4]As of the date hereof, the Reporting Person's direct beneficial ownership includes 8,327 restricted shares granted under the Company's 2013 Equity Incentive Plan, as amended, that have not yet vested. Does not include any restricted shares granted as long-term incentive awards that are subject to continuing performance goals.