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, forfeited 1,867 shares of common stock on March 15, 2024, to cover tax withholding liabilities related to stock vesting.
Summary
- On March 15, 2024, Justin C. Stein, EVP of Leasing at Tanger Inc., reported a transaction involving the forfeiture of 1,867 shares of common stock.
- The forfeiture was executed to satisfy a tax withholding liability associated with the vesting of stock held by Mr. Stein.
- Following the transaction, Mr. Stein directly owns 37,863 shares of Tanger Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock forfeiture for tax purposes) and has no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock forfeiture transaction. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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