EASTGROUP PROPERTIES INC·4

Feb 18, 5:17 PM ET

Tyler Staci H. 4

Research Summary

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Updated

EastGroup (EGP) CFO Staci H. Tyler Receives Restricted Shares

What Happened
Staci H. Tyler, Executive Vice President and Chief Financial Officer of EastGroup Properties (EGP), received awards of restricted shares tied to performance goals. The filing reports two grants (2,128 and 1,250 shares, total 3,378 shares) issued at $0.00 as awards. On February 13, 2026, 2,159 restricted shares vested and 936 of those vested shares were withheld to satisfy tax-withholding obligations; the withheld 936 shares were valued at $190.92 each for a total of $178,701 (reported as a disposition for tax withholding).

Key Details

  • Transaction dates: awards/vesting dated February 13, 2026; Form 4 filed February 18, 2026.
  • Prices: awards recorded at $0.00 (restricted shares); tax withholding disposition price $190.92 per share (936 shares → $178,701).
  • Shares owned after transaction: not specified in the filing.
  • Footnotes: awards came from the Issuer’s 2023 Equity Incentive Plan — one grant (2,128 shares) is from the 2023 long-term incentive program (vesting schedule: 3/4 on certification date, 1/4 on 1/1/2027) and the other (1,250 shares) is from the 2025 annual incentive program (vesting 1/3 on certification date, remaining thirds on 1/1/2027 and 1/1/2028). Footnote confirms 2,159 shares vested on Feb 13 and 936 were withheld for taxes.
  • Filing timeliness: transaction occurred Feb 13; Form 4 was filed Feb 18, 2026 — this appears to be after the standard two-business-day Form 4 reporting window.

Context: These transactions are issuance and vesting of performance-based restricted shares, not open-market purchases or sales. The 936-share disposition was a tax-withholding transfer (common for vested equity) rather than a market sale, and thus should be viewed as a routine withholding rather than a directional trade signal.