Tyler Staci H. 4
Research Summary
AI-generated summary
EastGroup (EGP) CFO Staci H. Tyler Receives Award
What Happened
Staci H. Tyler, Executive Vice President and Chief Financial Officer of EastGroup Properties, was granted 930 restricted shares on February 25, 2026. The Form 4 reports the acquisition price as $0 (award/grant). This was an equity award as part of the company's compensation program rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (filed two days after the transaction).
- Transaction type/code: Award/Grant (A). Acquisition price reported as $0 for 930 shares.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: These are time-based restricted shares under the Issuer’s 2023 Equity Incentive Plan. Vesting: one-fourth upon the Compensation Committee’s certification of goals tied to 2026 performance-based awards, then one-fourth on each of Jan 1, 2028, 2029 and 2030.
- No 10b5-1 plan, tax-withholding sale, or exercise noted in the filing.
Context
This is a standard equity compensation grant for an executive and should be viewed as part of long-term pay alignment, not an immediate market-direction signal. Because the shares are restricted and vest over multiple years (and partly contingent on performance certification), they are intended to retain and incentivize management rather than represent a purchase decision by the insider.