WOOD BRENT 4

What Happened
Brent Wood, Executive Vice President & COO of EastGroup Properties (EGP), received restricted share awards on Feb 13, 2026. The filing reports two grant events totaling 10,884 restricted shares (7,754 and 3,130 shares) issued at $0.00. On the same date, 7,307 restricted shares vested and Wood instructed the company to withhold 3,168 shares to satisfy tax withholding obligations; those withheld shares were valued at $190.92 each for a total withholding of $604,835.

Key Details

• Transaction date: February 13, 2026 (filing date: February 18, 2026). The filing was made five days after the transaction and appears to be after the typical two-business-day Form 4 reporting window.
• Grants: 7,754 and 3,130 restricted shares issued (acquisition price $0.00).
• Vesting/withholding: 7,307 restricted shares vested; 3,168 shares were withheld for taxes (disposed) at $190.92 each, total ~$604,835.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: Awards granted under the Issuer’s 2023 Equity Incentive Plan. Footnote details: (F1) 2023 LTIP award vests three-fourths on the performance certification date and one-fourth on 1/1/2027; (F2) 2025 annual incentive award vests one-third on the certification date and one-third on each of 1/1/2027 and 1/1/2028; (F3) confirms 7,307 shares vested and 3,168 withheld for taxes.

Context
This was not an open-market sale or purchase—3,168 shares were withheld to cover tax obligations (a common "net share settlement" or cashless withholding). The primary event is receipt/vesting of performance-based restricted stock rather than an independent trade signaling buy/sell sentiment. The apparent late filing may have reporting/timeliness implications for insiders; it does not change the substance of the award and withholding described above.