Company: EGP
Filing Date: 2025-02-12
Form Type: 10-K
Source: 0000049600-25-000019
Chunk: 200

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-02-12
Form: 10-K
Item: Item 3
Chunk 200
---
,912 The risk-free interest rate is based on zero coupon risk-free rates matching the three-year time period of the market performance period.  The expected share price volatilities are based on a mix of the historical and implied volatilities of the Company and the peer group companies.  The expected dividend yield is based on the expected annual cash dividend as of the valuation date divided by the Company’s stock price on the valuation date.  These market based awards are expensed on a straight-line basis over the requisite service period (75% vests at the end of the three-year performance period and 25% vests the following year).The following table presents the total shareholder return component of the long-term compensation awards for the four years ended December 31, 2024:2024 Award2023 Award2022 Award2021 AwardGrant date2/26/20243/2/20233/3/20222/25/2021Performance period1/1/24 - 12/31/261/1/23 - 12/31/251/1/22 - 12/31/241/1/21 - 12/31/23Range of earnable shares - low end of range— — — — Range of earnable shares - high end of range39,364 44,725 27,212 36,400 Shares determinedN/A (1)N/A (1)N/A (1)36,400      (1) The market conditions for this award have not yet been satisfied and the number of shares have not yet been determined.

65

EASTGROUP PROPERTIES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The long term awards subject only to continuing employment are expensed on a straight-line basis over the requisite service period (25% vests in each of the following four years). The following table presents the service only component of the long-term compensation awards for the four years ended December 31, 2024:2024 Award2023 Award2022 Award2021 AwardGrant date2/26/20243/2/20233/3/20222/25/2021Shares granted8,436 9,583 5,830 7,801 Grant date share price$179.17 165.83 193.54 138.93 Annual equity compensation awardsThe annual equity compensation awards include components based on certain annual Company performance measures