EASTGROUP PROPERTIES INC
For the period ended Dec 31, 2024. Filed Apr 11, 2025.
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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, 2024 · Filed Apr 11, 2025
Contents
Summary Compensation Table
The following table summarizes, for the fiscal years ended December 31, 2024, 2023 and 2022, the amount of compensation earned, or paid by the Company to, the Named Executive Officers.
| Name and Principal Position · Year · Salary ($) · Bonus ($) · StockAwards($)(1)(2) · Non-EquityIncentive PlanCompensation($)(3) · All OtherCompensation($)(4) · Total ($) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marshall A. LoebChief Executive Officer, President and Director | 2024 | 850,000 | — | 4,220,955 | 1,626,900 | 425,183 | 7,123,038 | |||||
| 2023 | 775,000 | — | 4,216,711 | 1,548,450 | 354,509 | 6,894,670 | ||||||
| 2022 | 745,000 | — | 2,956,285 | 1,428,165 | 337,647 | 5,467,097 | ||||||
| Brent W. WoodExecutive Vice President, Chief Financial Officer and Treasurer | 2024 | 525,000 | — | 1,594,269 | 693,000 | 189,387 | 3,001,656 | |||||
| 2023 | 505,000 | — | 1,671,043 | 747,400 | 167,419 | 3,090,862 | ||||||
| 2022 | 485,000 | — | 1,195,388 | 688,700 | 147,470 | 2,516,558 | ||||||
| John F. ColemanExecutive Vice President | 2024 | 515,000 | — | 1,015,839 | 472,255 | 128,698 | 2,131,792 | |||||
| 2023 | 495,000 | — | 1,101,910 | 516,285 | 119,218 | 2,232,413 | ||||||
| 2022 | 475,000 | — | 780,619 | 472,150 | 113,333 | 1,841,102 | ||||||
| R. Reid DunbarExecutive Vice President | 2024 | 490,000 | — | 931,507 | 449,330 | 117,670 | 1,988,507 | |||||
| 2023 | 460,000 | — | 1,004,154 | 479,780 | 109,125 | 2,053,059 | ||||||
| 2022 | 440,000 | — | 718,247 | 443,520 | 98,771 | 1,700,538 | ||||||
| Ryan M. CollinsExecutive Vice President | 2024 | 422,000 | — | 755,225 | 363,342 | 102,770 | 1,643,337 | |||||
| 2023 | 405,000 | — | 877,817 | 355,388 | 94,756 | 1,732,961 | ||||||
| 2022 | 385,000 | — | 610,916 | 360,360 | 88,367 | 1,444,643 | ||||||
(1)The amounts in this column represent the aggregate grant date fair values of the restricted shares of Common Stock and restricted stock units awarded to the Named Executive Officers during the fiscal years ended December 31, 2024, 2023 and 2022, as applicable, determined in accordance with FASB ASC Topic 718. Such aggregate grant date fair 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 | 32,810 | 95,269 | 619 | 128,698 |
| R. Reid Dunbar | 29,060 | 87,991 | 619 | 117,670 |
| Ryan M. Collins | 29,060 | 73,091 | 619 | 102,770 |
| 58 | EastGroup Properties |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.