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 a transaction involving the forfeiture of shares to cover tax withholding liabilities related to vested stock.
Summary
- On March 17, 2025, Justin C. Stein, EVP of Leasing at Tanger Inc., reported a transaction on SEC Form 4.
- The transaction involved the forfeiture of 1,900 shares of common stock at a price of $31.95 per share.
- This forfeiture was undertaken to satisfy a tax withholding liability related to the vesting of 3,803 restricted shares.
- Following the transaction, Stein beneficially owns 58,225 shares of Tanger Inc. common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
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 tax obligation fulfillment related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of stock forfeiture transaction and vesting of restricted shares. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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