Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 2

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 2
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                         |     |                                                                                                                          |     | 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 is paid 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 the remainder vesting the following year subject to continued employment |     |                                                                                                                                                                                                                 |
| 30%                               
 Service-Based                     |     |             |     |                         |     | Vesting:Overfour years                                                                                                   |     |                                                                                                                                                                                                                 |

#### 2025Proxy Statement11
400 W. Parkway Place, Suite 100

Ridgeland, Mississippi 39157

Notice of 2025 Annual Meeting of Shareholders

To the Shareholders:

### Items of Business
At the 2025 Annual Meeting of Shareholders (the “Meeting”), shareholders will be asked to:

| 1. 
 2. |     | Elect the seven director nominees named in this proxy statement for a one-year term to serve until the next annual meeting of shareholders and until their successors are duly elected and qualified; 
 Ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025;                                                       |
|:---|:----|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3. |     | Approve, by a non-binding, advisory vote, the compensation of our Named Executive Officers as described in this proxy statement; and                                                                  |
| 4. |     | Transact such other business as may properly come before the Meeting or any adjournment or postponement thereof.                                                                                      |

All shareholders of record at the close of business on March 21, 2025 are entitled to notice of and to vote at the Meeting or any adjournment thereof.

We are pleased to