Executive at Tanger (NYSE: SKT) gets stock award and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tanger Inc. senior vice president and chief accounting officer Thomas Joseph Guerrieri Jr. reported two stock-related transactions. On February 13, 2026, he acquired 4,092 common shares as a restricted stock grant under the company’s incentive plan, at no cash cost. These restricted shares vest in three equal installments each February 15 over the next three years, with potential accelerated vesting in certain cases.
On February 17, 2026, 3,571 common shares were withheld and disposed of at $33.82 per share to cover tax withholding related to the vesting of 7,827 restricted shares. After this tax-withholding disposition, Guerrieri directly owned 65,779 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Guerrieri Thomas Joseph JR
Role
SVP, CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,571 | $33.82 | $121K |
| Grant/Award | Common Stock | 4,092 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 65,779 shares (Direct)
Footnotes (1)
- Represents a grant of restricted common shares under Tanger Inc.'s Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on February 15th of each of the first three calendar years following the grant (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations). This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of shares held by the reporting person. On February 17, 2026, 7,827 restricted shares vested, with 3,571 shares withheld to cover tax withholding liability.
FAQ
What insider transactions did Tanger Inc. (SKT) report for Thomas Guerrieri Jr.?
Tanger Inc. reported that Thomas Guerrieri Jr. received a grant of 4,092 restricted common shares and had 3,571 shares withheld to cover taxes on vesting. These actions reflect equity-based compensation and related tax withholding, not an open-market stock purchase or sale.
Are the Tanger Inc. (SKT) insider transactions open-market buys or sells?
The reported transactions are not open-market buys or sells. One is a grant of 4,092 restricted shares as compensation, and the other is a disposition of 3,571 shares solely to satisfy tax withholding obligations tied to the vesting of previously awarded restricted shares.