# EDGAR Filing Document

**Accession Number:** 0000049600
**File Stem:** 0000049600-23-000029
**Filing Date:** 2023-2
**Character Count:** 6957
**Document Hash:** 49b5afe9b2d2fd8f11abc64d21e81398
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000049600-23-000029.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0000049600-23-000029

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230215

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** LOEB MARSHALL A
- **CENTRAL INDEX KEY:** 0001199669

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07094
- **FILM NUMBER:** 23643028

**MAIL ADDRESS:**
- **STREET 1:** C/O EASTGROUP PROPERTIES, INC.
- **STREET 2:** 190 EAST CAPITOL STREET
- **CITY:** JACKSON
- **STATE:** MS
- **ZIP:** 39201
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EASTGROUP PROPERTIES INC
- **CENTRAL INDEX KEY:** 0000049600
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 132711135
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 400 W. PARKWAY PLACE
- **STREET 2:** SUITE 100
- **CITY:** RIDGELAND
- **STATE:** MS
- **ZIP:** 39157
- **BUSINESS PHONE:** 6013543555

**MAIL ADDRESS:**
- **STREET 1:** 400 W. PARKWAY PLACE
- **STREET 2:** SUITE 100
- **CITY:** RIDGELAND
- **STATE:** MS
- **ZIP:** 39157

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EASTGROUP PROPERTIES II INC
- **DATE OF NAME CHANGE:** 19970529

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ICM REALTY
- **DATE OF NAME CHANGE:** 19830719

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>LOEB MARSHALL A<br><sub>(Last) (First) (Middle)</sub><br>C/O EASTGROUP PROPERTIES, INC.,<br>400 WEST PARKWAY PLACE, SUITE 100<br><sub>(Street)</sub><br>RIDGELAND, MS 39157<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-15 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President and CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>EASTGROUP PROPERTIES INC [ EGP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-15 |  | A |  | 9880<sup>(1)</sup> | A | $0 | 111275 | D |  |
| Common Stock | 2023-02-15 |  | A |  | 6268<sup>(2)</sup> | A | $0 | 117543 | D |  |
| Common Stock | 2023-02-15 |  | F |  | 4539<sup>(3)</sup> | D | $168.90 | 113004 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2020 long-term incentive program.  These restricted shares were awarded pursuant to the Issuer's 2013 Equity Incentive Plan, as amended, and vest three-fourths on the performance goal certification date (February 15, 2023) and one-fourth on January 1, 2024.

(2) Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2022 annual incentive program.  These restricted shares were awarded pursuant to the Issuer's 2013 Equity Incentive Plan, as amended, and vest one-third on the performance goal certification date (February 15, 2023) and one-third on each of January 1, 2024 and 2025.

(3) On February 15, 2023, 10,234 restricted shares vested and the Reporting Person instructed the Issuer to withhold 4,539 shares to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended.

**Signature:** /s/ Whitney Denham, Attorney-in-Fact for Marshall A. Loeb  
**Date:** 2023-02-17

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**