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., reported the forfeiture of 2,993 shares of common stock to cover tax withholding liabilities.
Summary
- On March 15, 2024, Leslie Swanson Gallardo, EVP and Chief Operating Officer of Tanger Inc., forfeited 2,993 shares of common stock.
- The forfeiture was executed to satisfy a tax withholding liability related to the vesting of stock held by Ms. Swanson Gallardo.
- Following the transaction, Ms. Swanson Gallardo directly owns 103,296 shares of Tanger Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock forfeiture for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider transactions, allowing investors to stay informed about the actions of company executives and their potential impact on the stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for 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 on the Form 4 filing |
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