Colleran Donald F 4
4 · EASTGROUP PROPERTIES INC · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
EastGroup (EGP) Director Donald Colleran Receives Award of 707 Shares
What Happened
Donald F. Colleran, a director of EastGroup Properties, Inc. (EGP), received a grant of 707 restricted shares on 2026-05-29. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (recorded acquisition value $0). This was an annual equity retainer award under the company's director compensation policy, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (appears to be filed within the required reporting window).
- Transaction type/code: Award/Grant (A). Price reported: $0.00; recorded acquisition value: $0.
- Shares granted: 707 restricted shares.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The 707 restricted shares are annual equity retainer awards under the 2023 Equity Incentive Plan and vest 100% on the earlier of the one‑year anniversary of the grant or the Issuer’s next annual stockholders’ meeting.
Context
This is a routine director compensation award (restricted stock grant). Such grants represent compensation and are different from outright purchases or sales; they do not necessarily signal a director’s personal market view. Vesting terms mean the shares are subject to forfeiture until vesting conditions are met.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-29+707→ 7,963 total
Footnotes (1)
- [F1]Annual equity retainer award of restricted shares of common stock granted in accordance with the Independent Director Compensation Policy adopted pursuant to the EastGroup Properties, Inc. 2023 Equity Incentive Plan. These restricted shares vest one hundred percent (100%) on the earlier of the one-year anniversary of the date of grant or the date of the Issuer's next annual meeting of stockholders following the date of grant.