Form 4: Tanger Inc. Executive Justin C. Stein Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
EVP of Leasing at Tanger Inc., Justin C. Stein, reports the forfeiture of 3,955 common stock shares to cover tax withholding liabilities related to vesting restricted shares.
Summary
- On February 18, 2025, Justin C. Stein, EVP of Leasing at Tanger Inc., forfeited 3,955 shares of common stock.
- The forfeiture was executed to satisfy tax withholding obligations associated with the vesting of 7,497 restricted shares.
- The shares were forfeited at a price of $34.25 per share.
- Following the transaction, Stein directly owns 31,978 shares of Tanger Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the forfeiture of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock forfeiture and vesting of restricted shares. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Tanger Inc., Stock Forfeiture, Justin C. Stein, Tax Withholding, Beneficial Ownership, SKT
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