Form 4: Tanger Inc. Executive Justin C. Stein Reports Stock Forfeiture for Tax Obligations

EVP of Leasing at Tanger Inc., Justin C. Stein, forfeited 1,930 shares of common stock to cover tax withholding obligations related to vesting stock.

Summary

• On November 4, 2024, Justin C. Stein, EVP of Leasing at Tanger Inc., reported a transaction involving the forfeiture of 1,930 shares of common stock.
• The forfeiture was executed to satisfy a tax withholding liability associated with the vesting of stock held by Mr. Stein.
• The price per share for the transaction was $33.19.
• Following the transaction, Mr. Stein directly owns 35,933 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 indicate any fundamental change in the company's prospects or the executive's confidence.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. This filing indicates a transaction related to tax obligations, which is a common occurrence.

Stakeholder Impact

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

Key Dates