EASTGROUP PROPERTIES INC

For the period ended Dec 31, 2023. Filed Apr 12, 2024.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Dec 31, 2023 · Filed Apr 12, 2024

EGP$193.81-0.0%Stored close · as of Nov 6, 2026

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Contents

Components of Our Compensation Program

The total compensation opportunity for our Named Executive Officers in 2023 incorporated three primary components: base salary, an annual cash and equity incentive award and long-term equity incentive awards subject to both performance-based vesting (earned over a three-year performance period) and service-based vesting (over a four-year period).

		Pay Element
		CEO	Other NEOs	Why It Is Provided	Key Features
	BaseSalary			uWe pay a base level of competitive cash salary to attract and retain executive talent.	uWe determine base salary based on experience, job scope, market data and individual performance.uWe annually review our NEOs’ base salaries against our peers to maintain competitive levels.
	Annual Cash and EquityIncentiveTarget (AIP)			uOur annual cash and equity incentives are based on the achievement of objective, at-risk Company performance metrics and individual goals to align compensation with strategic goals.	uA balanced mix of financial metrics commonly used to measure REIT performance and individual performance goals:uFFO per share (50%)uSame PNOI change (10%)uDebt to EBITDAre ratio (10%)uFixed charge coverage ratio (10%)uIndividual Objectives (20%)uPaid 50% in cash and 50% in equity. Cash is paid and a portion of the equity vests at the end of the one-year performance period, and the remainder vests ratably over an additional two years.
Performance-Based Long Term Equity Incentive Target (LTIP)			uWe grant performance-based (70%) and service-based restricted shares (30%) to our executives to encourage retention and align executive compensation with shareholders’ interests.	uPerformance-based awards are only earned by achieving the Company’s three-year TSR performance hurdles relative to the Nareit Equity Index and member companies of the Nareit Industrial Index.uA portion of the shares vest at the end of the three-year performance period, and the remainder vests after an additional one-year vesting period.
Service-Based LTIP			uService-based awards vest ratably over four years.

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