Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 39

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 39
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 values do not include any estimated forfeitures related to service-based vesting conditions. The valuation assumptions used in determining such amounts are described in the Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 12, 2025. In the case of the performance-based restricted stock units granted in 2024, the aggregate grant date fair value is reported assuming the probable outcome of the performance conditions. The maximum values of such restricted stock units as of the grant date were as follows: $6,862,640 for Mr. Loeb, $2,552,333 for Mr. Wood, $1,620,258 for Mr. Coleman, $1,482,620 for Mr. Dunbar and $1,232,710 for Mr. Collins.

(2) The amounts in this column for 2024 represent (i) the performance-based restricted shares awarded in February 2024 with respect to 2023 performance under the 2023 AIP based on individual performance goals, (ii) performance-based restricted shares granted in February 2024 with respect to 2024 performance under the 2024 AIP based on corporate performance goals, (iii) performance-based restricted stock units granted in February 2024 for the three-year LTIP awards and (iv) service-based restricted shares granted in February 2024 for the three-year LTIP awards.

(3) The amounts in this column represent the annual incentive cash awards earned under the Company’s AIP for the applicable fiscal year.

(4) The amounts in this column represent the Company’s contributions under its 401(k) Plan for the Named Executive Officer’s benefit, dividends paid on vested restricted stock, and the amount of premiums paid by the Company for group term life insurance for the Named Executive Officer.

|                  |     |        | 401(k)            
 Contributions ($) |     |         | Restricted Stock Dividends ($) |     |     | Life Insurance 
 Premium ($)    |     |         | Total ($) |
| Marshall A. Loeb |     | 29,060 |                   |     | 395,504 |                                |     | 619 |                |     | 425,183 |           |
| Brent W. Wood    |     | 32,810 |                   |     | 155,958 |                                |     | 619 |                |     | 189,387 |           |
| John F. Coleman