Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 27

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 27
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 the 2024 compensation program for our executive officers. These factors provided the framework for compensation decision making and final decisions regarding the compensation opportunity for each executive officer. While the Compensation Committee considered the 50th percentile of the peer group as a benchmark, it did not target a specific percentile to set compensation. Additionally, no single factor was determinative in setting pay levels, nor was the impact of any factor on the determination of pay levels quantifiable. The below total capitalization data is as of September 30, 2023.

#### 2025Proxy Statement47
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

#### Components of Our Compensation Program
The total compensation opportunity for our Named Executive Officers in 2024 incorporated three primary components: base salary, an annual cash and equity incentive award and long-term equity incentive awards subject to both performance-based vesting (earned over a three-year performance period) and service-based vesting (over a four-year period).

|                                   |     |             |     | Target Compensation Mix |     |                                                                                                                          |     |                                                                                                                                                                                                         |
|                                   |     |             |     | CEO                     |     | Other NEOs                                                                                                               |     | Metrics and Key Features                                                                                                                                                                                |
|                                   |     | Base Salary |     |                         |     |                                                                                                                          |     | Set at competitive levels to attract and retain executive talent, with annual peer benchmarking of our Named Executive Officers’ (“NEOs”) salaries                                                      |
|                                   |     | Annual Cash 
 and Equity  
 Incentive   
 Target      |     |                         |     |                                                                                                                          |     | Performance Metrics:A balanced mix of                                                                                                                                                                   
 •4 separate financial metrics commonly used to measure REIT performance, and                                                                                                                            
 •individual objectives to align compensation with Company strategic goals                                                                                                                               
 Form of Payment and Vesting: 50% cash and 50% equity.Cash and 34% of the equity vests at the end of the1-year performance period,with the remaining equity vesting ratably over anadditional two years. |
| Long Term Incentive Equity Target |     |             |     |                         |     |                                                                                                                          |     |                                                                                                                                                                                                         |
| 70%                               
 Performance-                      
 Based                             |     |             |     |                         |     | Performance Metrics:                                                                                                     
 •50% relative TSR (Nareit Equity Index)                                                                                  
 •50% relative TSR (Nareit Industrial Index)                                                                              
 Vesting:75% after3-year performance period,with