Form 4: Tanger SVP CAO Sells Shares for Tax Obligations

Tanger's SVP, CAO, Thomas Joseph Guerrieri JR, disposed of 744 common shares to cover tax withholding liabilities related to vested restricted stock.

Summary

• Thomas Joseph Guerrieri JR, SVP, CAO of Tanger Inc. (SKT), reported a transaction on March 16, 2026.
• The transaction involved the forfeiture of 744 shares of common stock at a price of $35.15 per share.
• This forfeiture was undertaken solely to satisfy tax withholding liability associated with the vesting of 2,614 restricted shares.
• Following this transaction, Guerrieri beneficially owns 54,603 shares of Tanger Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine tax-related disposition of shares following the vesting of restricted stock, rather than a discretionary sale.

Positives

• 2,614 restricted shares vested for the reporting person, indicating compensation realization.

Negatives

• Reporting person's direct beneficial ownership decreased by 744 shares due to tax withholding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that such tax-related dispositions of shares are a common and routine occurrence for executives receiving equity compensation, typically not indicative of a change in company fundamentals or executive sentiment.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine tax-related disposition of shares, not a discretionary sale indicating a change in executive confidence.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related sale of shares by an executive following the vesting of restricted stock. It does not indicate any change in the company's fundamentals or the executive's long-term view of the company, thus a 'hold' recommendation is appropriate as there's no new information to warrant a change in investment thesis.

Keywords

Tanger, SKT, Form 4, insider transaction, stock sale, tax withholding, executive compensation, common stock