Collins Ryan M 4
4 · EASTGROUP PROPERTIES INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
EastGroup (EGP) EVP Ryan M. Collins Receives Restricted Shares
What Happened
Ryan M. Collins, Executive Vice President of EastGroup Properties (EGP), was issued 5,670 restricted shares as performance-based awards (two grants: 4,066 and 1,604 shares) on Feb 13, 2026. Of the restricted shares, 3,808 vested on Feb 13 and the reporting person instructed the issuer to withhold 1,938 shares to satisfy tax withholding obligations; those 1,938 shares were disposed at $190.92 each, yielding $370,003. The remaining awarded shares continue to vest per the plan schedule.
Key Details
- Transaction date(s): Feb 13, 2026 (reported on Form 4 filed Feb 18, 2026). The filing appears timely for a Feb 13 transaction.
- Grants/Awards: 4,066 shares (2023 LTI plan award) and 1,604 shares (2025 annual incentive award) — total 5,670 shares (code A = award/acquisition).
- Vesting and withholding: 3,808 restricted shares vested on Feb 13; 1,938 shares were withheld/disposed to cover taxes (code F = tax withholding/disposition) at $190.92 per share for $370,003. Net shares received on vesting = 3,808 − 1,938 = 1,870. Remaining 1,862 shares remain subject to future vesting.
- Shares owned after transaction: not specified in the filing.
- Footnotes: awards issued under the Issuer’s 2023 Equity Incentive Plan; different vesting schedules apply (see footnotes F1–F3 in the filing).
- Filing timeliness: Form 4 filed Feb 18 for Feb 13 transactions — appears to meet the standard Form 4 reporting window.
Context
This was primarily a compensation-related issuance (performance-based restricted stock). The sale/disposition recorded was a routine share withholding to cover tax obligations (a cashless withholding), not an open-market sell by the insider. Awards and vesting disclose compensation expense and future potential alignment with shareholder interests but do not by themselves indicate buying pressure in the market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-13+4,066→ 21,843 total - Award
Common Stock
[F2]2026-02-13+1,604→ 23,447 total - Tax Payment
Common Stock
[F3]2026-02-13$190.92/sh−1,938$370,003→ 21,509 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, 3,808 restricted shares vested and the Reporting Person instructed the Issuer to withhold 1,938 shares to cover tax withholding obligations as permitted under the Issuer's 2023 Equity Incentive Plan.