COLEMAN JOHN F 4
4 · EASTGROUP PROPERTIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
EastGroup (EGP) John F. Coleman Receives Restricted Shares
What Happened John F. Coleman, Executive Vice President of EastGroup Properties (EGP), was issued 7,051 restricted shares on February 13, 2026 as performance-based awards (two grants). On the same date 4,725 of those restricted shares vested and the company withheld 2,105 shares to satisfy tax withholding obligations — those withheld shares were recorded as a disposition at $190.92 per share (total value withheld ≈ $401,887). The awards were granted at $0.00 per share (standard restricted-share award).
Key Details
- Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (filing appears timely).
- Awards: 5,011 restricted shares (2023 long-term incentive program) and 2,040 restricted shares (2025 annual incentive program) — total 7,051 shares issued (code A).
- Vesting/Withholding: 4,725 restricted shares vested on Feb 13, 2026; 2,105 shares were withheld to cover taxes (code F) at $190.92/share, withheld value ≈ $401,887.
- Vesting schedule (per footnotes): 2023 LTIP award vests 3/4 on performance certification (Feb 13, 2026) and 1/4 on Jan 1, 2027; 2025 annual award vests 1/3 on Feb 13, 2026 and 1/3 on each of Jan 1, 2027 and Jan 1, 2028.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: reported on Feb 18 for Feb 13 transactions; no late-filing indicator provided.
Context
- These were performance-based restricted-share awards that vested upon certification of performance goals. The withholding of 2,105 shares to cover tax obligations is a common administrative action and is not an open-market sale for cashing out (it reduces the net shares received).
- Such awards reflect company compensation outcomes (not a purchase decision by the insider). They provide limited insight into the insider’s market view beyond the fact that performance goals were met.
Insider Transaction Report
Form 4
COLEMAN JOHN F
Executive Vice President
Transactions
- Award
Common Stock
[F1]2026-02-13+5,011→ 101,288 total - Award
Common Stock
[F2]2026-02-13+2,040→ 103,328 total - Tax Payment
Common Stock
[F3]2026-02-13$190.92/sh−2,105$401,887→ 101,223 total
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, 4,725 restricted shares vested and the Reporting Person instructed the Issuer to withhold 2,105 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.
Signature
/s/Ceejaye Peters, Attorney-in-Fact for John F. Coleman|2026-02-18