Form 4: Tanger Inc. Executive Vice President Michael Bilerman Reports Tax-Related Stock Forfeiture
SEC Form 4 Filing
Executive Vice President Michael Bilerman forfeited 6,302 shares of Tanger Inc. stock on March 15, 2024, to cover tax obligations related to vesting.
Summary
- On March 15, 2024, Michael J Bilerman, Executive Vice President, Chief Financial Officer and Chief Investment Officer of Tanger Inc. [SKT], forfeited 6,302 shares of common stock.
- The forfeiture was executed to satisfy a tax withholding liability associated with the vesting of stock held by Mr. Bilerman.
- Following the transaction, Mr. Bilerman directly owns 180,891 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 a neutral event.
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 into the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax-related stock forfeiture by an executive.
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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