Form 4: Tanger Inc. President & CEO Stephen Yalof Reports Stock Transaction
SEC Form 4 Filing
Stephen Yalof, President & CEO of Tanger Inc., reports the forfeiture of shares to cover tax withholding liabilities related to vesting restricted stock.
Summary
- On February 18, 2025, Stephen Yalof, the President & CEO of Tanger Inc., had 120,458 restricted shares vest.
- To cover the tax withholding liability associated with this vesting, 54,962 shares of common stock were forfeited at a price of $34.25.
- Following this transaction, Mr. Yalof beneficially owns 674,454 shares of Tanger Inc. common stock directly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to stock vesting, which is common across publicly traded companies.
Stakeholder Impact
- The transaction has a minimal 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, Tanger Inc., Stephen Yalof, Stock forfeiture, Tax withholding, Insider trading, Beneficial ownership, SKT
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.