4/A: Tanger Inc. Director Corrects Previous SEC Filing Regarding Stock Sale

Susan E. Skerritt, a director at Tanger Inc., amended a previous SEC filing to clarify that a transaction on February 29, 2024, was an open market sale of common stock, not a disposition to the issuer.

Summary

• Susan E. Skerritt, a director of Tanger Inc. [SKT], filed an amended Form 4 with the SEC on May 10, 2024, to correct a previous filing from March 4, 2024.
• The amendment clarifies that a transaction that occurred on February 29, 2024, was an open market sale of 3,309 shares of Tanger Inc. common stock at a price of $28.62 per share.
• The original filing incorrectly reported the transaction as a disposition to the issuer of equity securities.
• Skerritt also reported selling 9,413 shares of common stock on May 8, 2024 at $27.7 per share.
• Following these transactions, Skerritt beneficially owns 47,532.78 shares of Tanger Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing correcting a previous error and reporting stock sales. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.

Key Dates