Form 4: Tanger Inc. Executive Thomas Joseph Guerrieri JR. Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Thomas Joseph Guerrieri JR., SVP, CAO of Tanger Inc., reports a stock forfeiture to cover tax withholding liabilities related to vested shares.
Summary
- On March 17, 2025, Thomas Joseph Guerrieri JR., SVP, CAO of Tanger Inc., reported a transaction on Form 4.
- The transaction involved the forfeiture of 1,135 shares of common stock to satisfy a tax withholding liability.
- This was related to the vesting of 2,615 restricted shares.
- The price per share for the forfeiture was $31.95.
- Following the transaction, Guerrieri directly owns 65,258 shares of Tanger Inc.
- The transaction was executed pursuant to Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect broader industry trends but provides transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.
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. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.