Company: EGP
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000049600-25-000055
Chunk: 16

Company: EASTGROUP PROPERTIES INC
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 16
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 director’s continued service on our Board through each applicable vesting date.

As an employee of the Company, Mr. Loeb did not receive any compensation for his service as a director during the fiscal year ended December 31, 2024. The compensation received by Mr. Loeb, as a Named Executive Officer of the Company, is presented in the Summary Compensation Table (page 58).

The Company’s non-employee directors received the following aggregate amounts of compensation for the fiscal year ended December 31, 2024:

| Name                   |     |         | Fees Earned 
 or Paid in  
 Cash ($)    | Stock        
 Awards($)(1) |         |     |         | Total ($) |
| D. Pike Aloian         |     |  86,208 |             |              | 135,131 |     | 221,339 |           |
| H. Eric Bolton, Jr.    |     |  92,667 |             |              | 135,131 |     | 227,798 |           |
| Donald F. Colleran     |     | 166,875 |             |              | 135,131 |     | 302,006 |           |
| David M. Fields        |     |  86,042 |             |              | 135,131 |     | 221,173 |           |
| Mary E. McCormick      |     | 100,000 |             |              | 135,131 |     | 235,131 |           |
| Katherine M. Sandstrom |     |  96,875 |             |              | 135,131 |     | 232,006 |           |

(1) Represents the aggregate grant date fair values of the restricted shares of Common Stock awarded to the non-employee directors during the fiscal year ended December 31, 2024, determined in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718. Such aggregate grant date fair values do not take into account 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.

| Director Stock Ownership Guidelines                                                                                                                                                               
 Directors are required to own Company stock with a market value (number of shares multiplied by the current price of common