Tanger Inc. (NYSE: SKT) director reports charitable gift of 5,900 shares
Rhea-AI Filing Summary
Tanger Inc. director reports charitable stock gift
A Tanger Inc. director filed a Form 4 showing a charitable gift of 5,900 shares of common stock on 12/02/2025. The transaction is coded "G" for gift and is described as a transfer to a charitable donor-advised fund, which is exempt from short-swing profit rules under Rule 16b-5 of the Securities Exchange Act.
Following this gift, the director reports beneficial ownership of 96,084 Tanger Inc. shares, held directly. The filing reflects a personal philanthropic transfer rather than an open-market sale or purchase.
Positive
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Negative
- None.
FAQ
What insider transaction did Tanger Inc. (SKT) report in this Form 4?
The Form 4 reports that a Tanger Inc. director made a gift of 5,900 shares of common stock on 12/02/2025, coded as transaction type "G" for gift.
How many Tanger Inc. (SKT) shares does the director own after the reported transaction?
After the charitable gift, the director reports beneficial ownership of 96,084 shares of Tanger Inc. common stock, held directly.
Was the Tanger Inc. (SKT) insider transaction a sale, purchase, or gift?
The transaction was a gift of Tanger Inc. common stock to a charitable donor-advised fund, not a market sale or purchase.
Why is the Tanger Inc. (SKT) insider gift exempt from Section 16(b)?
The explanation states that the transaction is exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-5, which covers certain gifts of securities.
Does this Tanger Inc. (SKT) Form 4 involve derivative securities like options or warrants?
No derivative securities transactions are reported. Table I shows a gift of common stock, and Table II contains no completed derivative entries.