Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 5

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 5
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 an ongoing director succession planning process designed to provide for a highly independent, well-qualified Board, with the diversity, experience and background to be effective and to provide strong oversight. Our Board regularly evaluates the needs of the Company and values a mix of new directors, who bring fresh perspectives and enhanced skills, and longer-serving directors who provide continuity and experience with our strategies and risk management processes.

#### Board Evaluation
Our Board recognizes that a regular Board and committee evaluation process is an essential component of Board effectiveness and thoughtful Board refreshment. On an annual basis, each of our directors completes an overall Board evaluation and an evaluation for each committee on which the director serves. The Nominating and Corporate Governance Committee oversees the evaluation process.

| QUESTIONNAIRE                                                                                        
 •Directors are asked to provide an effectiveness rating to a variety of Board actions and processes. 
 •Directors are able to provide anonymous comments on a variety of Board and committee matters.       |     | DISCUSSION                                                                                          
 •The Nominating and Corporate Governance Committee discusses the findings of the Board assessments. 
 •Each committee discusses the findings of its committee assessment.                                 |     | EVALUATION RESULTS                                                                         
 •The Nominating and Corporate Governance Committee reports the findings to the full Board. 
 •Feedback is taken into consideration as the Board carries out its duties.                 |

### Nominating Procedures
When evaluating the suitability of potential director nominees – whether new candidates or incumbent directors – the Nominating and Corporate Governance Committee considers the needs of the Board and the range of skills and experiences required for effective functioning of the Board. The Committee regularly discusses director succession and refreshment of the Board to ensure that the Board is effective and composed of qualified directors who collectively provide the requisite skills noted in the matrix above. When evaluating individual board members, the Nominating and Corporate Governance Committee takes into account skills and experiences that are relevant to the Company’s business including their experience in the real estate industry; understanding of finance and accounting; exposure to disciplines relevant to the success of a public company, such as capital markets, finance, investor relations, and corporate governance; experience in real estate development and construction and other considerations memorialized in our Corporate Governance Guidelines.

The Board believes that it is in the Company’s and shareholders’ best interests that the Board be comprised of directors with diversity of thought, opinion, skill sets, professional experiences, backgrounds, and demographics. When identifying potential independent director candidates for any vacancies on the Board, the Nominating and Corporate Governance Committee will include in its initial list for