David H. Hoster II served as the CEO of EastGroup Properties from 1997 until his retirement at the end of 2015. With over 18 years at the helm, he played a crucial role in shaping the company into a leading...

Number of Employees

96

Year

2015

Total Compensation

$3.69M

Salary

$623.00K

Board Justification

The compensation philosophy aligns executive pay with performance metrics and shareholder interests, targeting competitive compensation within a peer group.

Bonus

$788.10K

Board Justification

Annual cash incentive based on performance metrics exceeding target performance, awarded at 115% of target.

Other

$21.90K

Board Justification

Includes the Company’s discretionary contribution and matching contribution to its 401(k) Plan and the amount of premium paid by the Company for group term life insurance.

Restricted Stock

$2.26M(35.93K Restricted Stock)

Board Justification

Restricted stock awards that vested during 2015, reflecting performance in 2015.

Performance Metrics

Performance metrics included funds from operations (FFO) per share, same property net operating income growth, and total shareholder return.

SEC Filing

From April 14, 2016