Form 4: Tanger Inc. Director Susan E. Skerritt Reports Sale of Common Stock
SEC Form 4 Filing
Director Susan E. Skerritt reported selling 9,844 shares of Tanger Inc. common stock at an average price of $34.79 on February 28, 2025.
Summary
- On February 28, 2025, Susan E. Skerritt, a director of Tanger Inc. [SKT], sold 9,844 shares of common stock.
- The sale was executed at a weighted average price of $34.79, with individual transaction prices ranging from $34.78 to $34.83.
- Following the transaction, Ms. Skerritt directly owns 44,090.99 shares of Tanger Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. The sale could be for any number of reasons and doesn't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The sale of shares by a director may cause some investors to re-evaluate their positions in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Sale of common stock |
| 03/04/2025 | Date of signature on the Form 4 filing |
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