Rayner Michelle 4

What Happened
Michelle Rayner, Senior Vice President and Chief Accounting Officer of EastGroup Properties (EGP), was granted 202 restricted shares on 2026-02-25. The shares were awarded at $0.00 per share (award code A), so no cash was paid; the transaction value reported is $0. This is an equity compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-25 (Form 4 filed 2026-02-27; appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 202 restricted shares. Price: $0.00; reported value: $0.
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: Awarded under the Issuer’s 2023 Equity Incentive Plan. Vesting: one-fourth upon certification of satisfaction of goals related to the 2026 performance-based awards, and one-fourth on each of January 1, 2028, 2029 and 2030.

Context
Restricted share awards are standard executive compensation and typically carry vesting conditions and transfer restrictions, so they are not immediately liquid. Such awards are routine and do not necessarily indicate the insider’s view on the stock’s near-term prospects; purchases are generally more informative about bullish conviction.