Form 4: Tanger Inc. Executive Leslie Swanson Gallardo Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Leslie Swanson Gallardo, EVP and Chief Operating Officer of Tanger Inc., reports forfeiting shares to cover tax liabilities related to vesting stock.
Summary
- On February 18, 2025, Leslie Swanson Gallardo, EVP and Chief Operating Officer of Tanger Inc. [SKT], forfeited 14,605 shares of common stock to satisfy a tax withholding liability.
- This forfeiture was related to the vesting of 36,815 restricted shares.
- Following the transaction, Swanson Gallardo directly owns 70,791 shares of Tanger Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment. The executive still holds a significant amount of stock.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates a standard tax withholding procedure related to stock vesting.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for tax withholding.
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, Beneficial Ownership, Tanger Inc., SKT, Leslie Swanson Gallardo, Executive Compensation, Stock Forfeiture, Tax Withholding
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