Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 25

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 25
---
Review say-on-pay and other compensation trends following annual meeting 
 •Review charter and conduct evaluation of Committee performance           
 •Review and recommend any changes to director compensation (bi-annually)  |     |                                                                                                                                                                |     |                                         |

#### Consideration of Say-on-Pay Vote
We provide shareholders with an annual non-binding, advisory “say-on-pay” vote on the Company’s compensation program for its Named Executive Officers, in accordance with the preference expressed by shareholders concerning the frequency of such votes at our 2023 Annual Meeting of Shareholders. Our Compensation Committee considered the results of the “say-on-pay” advisory vote conducted at our 2024 Annual Meeting of Shareholders. As reported in our current report on Form 8-K, filed with the SEC on May 28, 2024, approximately 97.3% of the votes cast on the proposal expressed support for the compensation program offered to our Named Executive Officers as disclosed in last year’s proxy statement, which represents the eighth consecutive year that our “say-on-pay” proposal was supported by over 97% of votes cast. Accordingly, our Compensation Committee made no changes to our executive compensation program as a result of the say-on-pay advisory vote. We will be conducting our annual non-binding, advisory say-on-pay vote as described in Proposal No. 3 of this proxy statement at the Meeting. Our Board and our Compensation Committee will continue to consider the outcome of the non-binding, advisory say-on-pay vote, as well as shareholder feedback received throughout the year, when making compensation decisions for our Named Executive Officers in the future.

#### 44EastGroup Properties
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

### SAY-ON-PAY SHAREHOLDER SUPPORT
| 2017-2024 Average Say-on-Pay Support |     |      |     |      |     |      |     |      |     |      |     |      |     |      |
| 2017                                 |     | 2018 |     | 2019 |     | 2020 |     | 2021 |     | 2022 |     | 2023 |     | 2024 |

Our shareholders have largely supported the general framework of our compensation program with respect to the types of performance metrics by which we have measured our short-term and long-term performance. Accordingly, we continue to use a diverse group of performance metrics in connection with our AIP, including FFO, Same PNOI change, debt to EBITDAre ratio