EastGroup Properties (EGP) COO granted 1,603 restricted shares in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WOOD BRENT reported acquisition or exercise transactions in this Form 4 filing.
EastGroup Properties Executive Vice President and COO Brent Wood reported receiving a grant of 1,603 shares of common stock as an equity award. The award was made at no cash cost to him and increased his directly held stake to 121,342 shares. These are time-based restricted shares under the company’s 2023 Equity Incentive Plan. One-fourth of the award vests when the Compensation Committee certifies the goals tied to 2026 performance-based awards, and the remaining portions vest in equal installments on January 1 of 2028, 2029, and 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WOOD BRENT
Role
Executive Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 121,342 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did EastGroup Properties (EGP) report for Brent Wood?
Brent Wood, Executive Vice President and COO, reported acquiring 1,603 shares of EastGroup Properties common stock as an equity award. The shares were granted at no cash cost to him as part of the company’s 2023 Equity Incentive Plan.
What type of equity did Brent Wood receive from EastGroup Properties (EGP)?
Brent Wood received time-based restricted shares of EastGroup Properties common stock. The award covers 1,603 shares granted under the company’s 2023 Equity Incentive Plan, with vesting tied to both performance certification and specified future calendar dates.