Form 4: Tanger Inc. Executive Jessica K. Norman Reports Stock Forfeiture for Tax Obligations

Jessica K. Norman, EVP, General Counsel, and Secretary of Tanger Inc., reported the forfeiture of 1,881 shares of common stock to cover tax withholding liabilities related to vesting restricted shares.

Summary

• On February 18, 2025, Jessica K. Norman, EVP, General Counsel, and Secretary of Tanger Inc., reported a transaction involving the forfeiture of company stock.
• The transaction involved 1,881 shares of common stock forfeited at a price of $34.25 per share.
• This forfeiture was to cover tax withholding liabilities related to the vesting of 3,486 restricted shares.
• Following the reported transaction, Ms. Norman beneficially owns 29,492 shares of Tanger Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like Jessica K. Norman, transact in their company's stock. This filing indicates a routine transaction to cover tax obligations related to vested equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, Tanger Inc., Stock Forfeiture, Jessica K. Norman, Tax Withholding, Beneficial Ownership, SKT