LOEB MARSHALL A 4

What Happened

• Marshall A. Loeb, CEO of EastGroup Properties (EGP), was issued restricted stock awards and had shares withheld to cover tax withholding upon vesting. The Form 4 shows two award entries totaling 28,603 restricted shares (21,275 and 7,328) reported as acquisitions at $0.00 on Feb 13, 2026. On that date, 19,967 restricted shares vested and the issuer withheld 8,656 shares to satisfy tax withholding obligations at an implied per-share value of $190.92, resulting in $1,652,604 withheld (disposition code F).

Key Details

• Transaction dates: February 13, 2026 (vesting/awards and withholding).
• Awards recorded: 21,275 and 7,328 restricted shares (codes A — award/grant; both reported at $0.00).
• Tax withholding: 8,656 shares withheld (code F) at $190.92 per share; withholding value = $1,652,604.
• Vested shares: filing notes 19,967 restricted shares vested on Feb 13, 2026 (see footnote F3).
• Vesting schedules (from footnotes):
  • F1 (21,275): issued under 2023 LTI plan; vesting schedule — three‑fourths on Feb 13, 2026 and one‑fourth on Jan 1, 2027.
  • F2 (7,328): issued under 2025 annual incentive program; vest one‑third on Feb 13, 2026 and one‑third on Jan 1, 2027 and 2028.
• Shares owned after the transaction: not specified in the reported items.
• Filing timeliness: Form filed Feb 18, 2026 for transactions on Feb 13, 2026 — the filing appears to be one business day late (marked late).

Context

• This filing reflects restricted-share awards vesting and a routine tax-withholding disposition (code F). The acquisitions at $0.00 are awards, not purchases; the withheld shares are a cashless tax-withholding method and do not necessarily indicate a voluntary sale or change in insider sentiment.