Dunbar Richard Reid 4

What Happened

• Richard Reid Dunbar, President of EastGroup Properties (EGP), was granted 1,695 restricted shares (transaction code A) on 2026-02-25. The grant is reported at $0.00 acquisition price (typical for equity awards) and is part of the company's equity compensation program.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
• Amount: 1,695 restricted shares granted; reported acquisition price $0.00.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Award is time-based under the 2023 Equity Incentive Plan. Vesting: one-fourth upon the Compensation Committee’s certification of satisfaction of goals tied to 2026 performance-based awards, and one-fourth on each of Jan 1, 2028, 2029 and 2030.
• Transaction type: Award/grant of restricted stock (not an open-market purchase or sale).

Context

• Restricted share awards are a form of compensation that typically vest over time or upon achievement of goals; they are not an immediate open-market buy signal. This grant increases Dunbar’s potential future stake as shares vest according to the schedule above.