Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 33

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 33
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, granted in the form of restricted shares, vested 34% on the date the performance results were certified by the Compensation Committee and will vest 33% on each of January 1, 2026 and 2027, subject to continued employment with the Company through each applicable vesting date. Dividends on the annual equity incentive awards accumulate beginning January 1, 2024 and are paid if and when the restricted shares vest.

#### Long-Term Compensation
Our Named Executive Officers have an opportunity to earn long-term equity incentive awards intended to provide incentives to our executives for the creation of value and the corresponding growth of our stock price over time. The Compensation Committee believes that our long-term equity incentive awards, together with the annual equity incentive awards discussed above, provide an appropriate balance between performance incentive and retention awards since the recipient must remain employed by the Company for an additional period following the performance period in order for the restricted shares to vest.

#### LTIP Target Opportunities
The Compensation Committee set the target for the three-year LTIP award equal to a percentage of base salary. For each three-year LTIP award, 70% of the target award was performance-based (i.e., TSR-based) and 30% of the target award was service-based. If the target goal for a performance metric is achieved, then the LTIP award will be deemed to be earned at 100%. If the threshold or maximum goal for a performance metric is achieved, then the LTIP award will be deemed to be earned at 50% or 200%, respectively. Results below threshold result in a zero payout and achievement at levels between threshold and maximum are determined via linear interpolation. No more than 200% of the target LTIP award may be earned. The service-based portion of the LTIP award vests 25% per year over four years.

#### 52EastGroup Properties
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

| Named Executive Officer |     |           | Target for the Three-Year LTIP Awards ($) | Target for the   
 Three-Year LTIP  
 Awards (RSUs)(1) |        |     | Target for the Three- 
 Year LTIP Awards (#   
 Performance-Based     
 Shares)(1)            |       |     | Three-Year LTIP    
 Awards (

# Service- 
 Based Shares)(1)   |       |
| Marshall A. Loeb        |     | 2,510,000 |                                           |                  | 13,676 |     |                       | 9,573 |