Form 4: Tanger EVP Sells Shares for Tax Obligations
Insider Transaction Report
Tanger's EVP, Chief Revenue Officer Justin C. Stein, disposed of 1,930 common shares to cover tax withholding liabilities related to vested restricted stock.
Summary
- Justin C. Stein, EVP, Chief Revenue Officer of Tanger Inc. (SKT), reported a transaction on March 16, 2026.
- The transaction involved the disposition of 1,930 shares of Tanger common stock.
- This disposition was a forfeiture (Transaction Code 'F') at a price of $35.15 per share.
- The forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of 3,803 restricted shares held by Mr. Stein.
- Following this transaction, Mr. Stein beneficially owns 46,259 shares of Tanger common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related disposition of shares following the vesting of restricted stock, not indicative of a change in executive sentiment or company fundamentals.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes. This specific filing reflects a common practice where executives sell a portion of vested equity to cover tax obligations, rather than a discretionary sale based on market sentiment.
Stakeholder Impact
- Shareholders: Minimal direct impact as it is a routine tax-related disposition, not a discretionary sale. It provides transparency into executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/16/2026 | Date of transaction (forfeiture of shares to cover tax withholding liability). |
| 03/17/2026 | Date the Form 4 was signed by the attorney-in-fact for Mr. Stein. |
Recommendation
holdThis Form 4 reports a routine, non-discretionary disposition of shares by an executive to cover tax liabilities associated with vested restricted stock. Such transactions are common and do not typically signal a change in the company's fundamentals or the executive's long-term outlook, thus a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Tanger, SKT, Form 4, insider transaction, stock sale, tax withholding, executive compensation, Justin C. Stein
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