Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 42

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 42
---
/2025 and 1/1/2026.

(6) Represents remaining 66% of our 2023 Annual Incentive Plan award with grant dates of 3/2/2023 and 2/14/2024 with equal vesting on 1/1/2025 and 1/1/2026.

(7) Represents remaining 75% of our 2023 LTIP service-based award with a grant date of 3/2/2023 with equal vesting on 1/1/2025, 1/1/2026 and 1/1/2027.

(8) Represents our 2024 LTIP service-based award with a grant date of 2/26/2024 with equal vesting on 2/12/2025, 1/1/2026, 1/1/2027 and 1/1/2028.

(9) Represents target award under our 2022 LTIP performance-based award with a TSR performance period of 2022 through 2024. In February 2025, the Compensation Committee determined the Company’s relative TSR was at the target level and 6,452, 2,381, 1,536, 1,382 and 1,229 shares were earned by Messrs. Loeb, Wood, Coleman, Dunbar and Collins, respectively. The shares vested 75% on the determination date and will vest 25% on 1/1/2026.

(10) Represents target award under our 2023 LTIP performance-based award with a TSR performance period of 2023 through 2025.

(11) Represents target award under our 2024 LTIP performance-based award with a TSR performance period of 2024 through 2026.

(12) Represents 80% of the maximum award under our 2024 Annual Incentive Plan that is earned based upon achievement of corporate performance metrics. In February 2025, the Compensation Committee determined the results of the plan and 7,145 and 3,044 shares were earned by Messrs. Loeb and Wood, respectively. The shares vested 34% on the determination date and will vest 33% per year on 1/1/2026 and 1/1/2027. The number of restricted shares earned based on the individual performance goals under the 2024 AIP for 2024 performance were granted on February 12, 202