Form 4: Tanger Inc. Executive Vice President Michael Bilerman Reports Stock Forfeiture for Tax Obligations

Executive Vice President Michael Bilerman forfeited 4,492 shares of Tanger Inc. stock to cover tax obligations related to vesting restricted shares.

Summary

• On February 18, 2025, Michael J Bilerman, Executive Vice President, Chief Financial Officer and Chief Investment Officer of Tanger Inc., reported a transaction involving the forfeiture of company stock.
• The transaction involved 4,492 shares of common stock forfeited at a price of $34.25 per share.
• This forfeiture was undertaken to satisfy a tax withholding liability related to the vesting of 7,967 restricted shares.
• Following the transaction, Bilerman directly owns 140,713 shares of Tanger Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like Michael Bilerman, transact in their company's stock. These filings provide transparency to the market regarding the buying and selling activities of those with privileged information.

Key Dates

Keywords

Form 4, Tanger Inc., Stock Forfeiture, Executive Compensation, Michael Bilerman, SKT, Tax Withholding