Form 4: Tanger Inc. SVP, CAO Thomas Joseph Guerrieri JR Reports Stock Forfeiture for Tax Withholding
SEC Form 4 Filing
Thomas Joseph Guerrieri JR, SVP, CAO of Tanger Inc., reports the forfeiture of 4,679 common stock shares to cover tax withholding liabilities related to vesting restricted shares.
Summary
- On February 18, 2025, Thomas Joseph Guerrieri JR, SVP, CAO of Tanger Inc., forfeited 4,679 shares of common stock.
- The forfeiture was to cover tax withholding liabilities related to the vesting of 10,299 restricted shares.
- Following the transaction, Guerrieri directly owns 54,962 shares of Tanger Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (tax withholding) and doesn't indicate any positive or negative sentiment regarding the company's performance or future prospects. It's a routine transaction.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. The forfeiture of shares to cover tax liabilities is a standard practice.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related activity.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock forfeiture and vesting of restricted shares. |
| 02/20/2025 | Date of signature on the report. |
Keywords
Form 4, Tanger Inc., SKT, Insider Trading, Stock Forfeiture, Tax Withholding, Thomas Joseph Guerrieri JR, SVP, CAO
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