Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 46

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 46
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’s average annual compensation as follows:

|                                                                                |     | Termination without Cause, not in connection with a Change in Control |     | Termination without Breach of Duty or Resignation with Good Reason, each in connection with a Change in Control |     | Death   |
| Chief Executive Officer, Chief Financial Officer and Executive Vice Presidents |     | 2 times                                                               |     | 3 times                                                                                                         |     | 1 times |
| Senior Vice Presidents                                                         |     | 1.5 times                                                             |     | 2.5 times                                                                                                       |     | 1 times |

As a condition of the receipt of the cash severance payment not in connection with a change in control and not due to death, the executive must execute a waiver and release agreement, in a form satisfactory to the Company, that releases the Company and all affiliates from any and all claims of any nature whatsoever, including, without limitation, any and all statutory claims, and may not revoke the waiver and release within any revocation period required by law or permitted by the Company.

Additionally, in the event of a disability, each Severance and Change in Control Agreement provides that the executive shall continue to be paid his or her base salary and remain employed by the Company during the first 90 days of his or her disability.

#### 64EastGroup Properties
Proposal 3: Non-Binding, Advisory Vote on Executive Compensation

#### Benefits
Pursuant to the Severance and Change in Control Agreements, upon the termination of an executive’s employment following a change in control within the protection period listed above, by the Company other than for death, disability or breach of duty, or due to the executive’s resignation for good reason, the Company will provide each executive officer with life insurance coverage and health plan coverage substantially comparable to the coverage the executive was receiving from the Company immediately before termination of employment. In each case, these benefits will continue for a period of 24 months (or 18 months for the Company’s Senior Vice Presidents) following the date of termination.

Equity Acceleration upon an Executive’s Death or Disability

The award agreements for stock awards awarded under the Company’s 2023 Equity Incentive Plan provide that the vesting of all service-based restricted shares, including performance-based awards for which the performance period has ended that remain subject to service-based vesting, will be fully accelerated upon the executive’s death or disability. Additionally, the award agreements for stock awards awarded under the Company’s 2023 Equity Incentive Plan generally