Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 28

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 28
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 the remainder vesting the following year subject to continued employment |     |                                                                                                                                                                                                         |
| 30%                               
 Service-Based                     |     |             |     |                         |     | Vesting:Overfour years                                                                                                   |     |                                                                                                                                                                                                         |

#### Base Salary
The Compensation Committee seeks to provide our executive officers with a level of assured cash compensation in the form of base salaries that are commensurate with their professional status and responsibilities, accomplishments and geographic location. The base salaries are reviewed annually by the Compensation Committee and are adjusted from time to time to recognize competitive market data based on our peer group(s), the officer’s level of responsibility, outstanding individual performance, promotions and internal equity considerations. Based on a consideration of these factors, the base salaries of our Named Executive Officers were increased by a range of 4.0%-9.7% for 2024. The 2023 and 2024 base salaries for each Named Executive Officer and the percentage increase from 2023 to 2024 are shown in the following table:

| Named Executive Officer |     |         | 2024 Salary 
 ($)         |     |         | 2023 Salary 
 ($)         |     |     | Increase 
 (%)      |
| Marshall A. Loeb        |     | 850,000 |             |     | 775,000 |             |     | 9.7 |          |
| Brent W. Wood           |     | 525,000 |             |     | 505,000 |             |     | 4.0 |          |
| John F. Coleman         |     | 515,000 |             |     | 495,000 |             |     | 4.0 |          |
| R. Reid Dunbar          |     | 490,000 |             |     | 460,000 |             |     | 6.5 |          |
| Ryan M. Collins         |     | 422,000 |             |     | 405,000 |             |     | 4.2 |          |

#### 48EastGroup Properties
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

#### Annual Incentive Compensation
Our Named Executive Officers have an opportunity to earn annual incentive awards, paid one-half in cash and one-half in equity, designed to reward annual corporate performance and individual performance. Each year the Compensation Committee establishes a target annual incentive award opportunity for each of our Named Executive Officers following a review of their individual scope of responsibilities, experience,