Dunbar Richard Reid 4

4 · EASTGROUP PROPERTIES INC · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

EastGroup (EGP) President Dunbar Receives Restricted Shares

What Happened

Dunbar Richard Reid (President) was issued restricted shares on Feb 13, 2026: two awards totaling 6,580 shares (4,491 and 2,089 shares). On the same date 4,329 restricted shares vested and 1,704 shares were withheld/disposed to cover tax withholding at $190.92 per share, producing proceeds of $325,328.
These were awards (code A) that vested and were not an open-market purchase or voluntary sale; the 1,704-share disposition (code F) was a withholding to satisfy tax obligations.

Key Details

Transaction date(s): February 13, 2026 (filed Feb 18, 2026).
Awarded: 4,491 and 2,089 restricted shares (total 6,580).
Vested on Feb 13, 2026: 4,329 restricted shares.
Withheld/disposed for taxes: 1,704 shares at $190.92 each = $325,328.
Awards granted under the Issuer’s 2023 Equity Incentive Plan.
Vesting schedule noted in filing:
- 2023 long-term incentive award: 3/4 vested on performance certification date (Feb 13, 2026) and 1/4 on Jan 1, 2027.
- 2025 annual incentive award: 1/3 vested on Feb 13, 2026; remaining thirds vest Jan 1, 2027 and Jan 1, 2028.
Shares owned after the transaction: not provided in the excerpt.
Filing timing: transaction dated Feb 13, filed Feb 18 (appears later than the typical two business–day Form 4 deadline).

Context

This was a grant/vesting event of restricted stock where a portion vested and the company withheld shares to cover tax withholding — a routine, administrative disposition rather than a deliberate open‑market sale by the insider.
For retail investors, awards vesting signal compensation realization but do not necessarily indicate the insider’s view on the stock; withheld-share dispositions to pay taxes are common.

Form 4

Period: 2026-02-13

President

Transactions

Footnotes (3)

[F1]Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2023 long-term incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest three-fourths on the performance goal certification date (February 13, 2026) and one-fourth on January 1, 2027.
[F2]Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2025 annual incentive program. These restricted shares were awarded pursuant to the Issuer's 2023 Equity Incentive Plan and vest one-third on the performance goal certification date (February 13, 2026) and one-third on each of January 1, 2027 and 2028.
[F3]On February 13, 2026, 4,329 restricted shares vested and the Reporting Person instructed the Issuer to withhold 1,704 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.

Signature

/s/Ceejaye Peters, Attorney-in-Fact for Richard Reid Dunbar|2026-02-18

1 file