Tanger (NYSE: SKT) director receives 5,207-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SKERRITT SUSAN E reported acquisition or exercise transactions in this Form 4 filing.
Tanger Inc. director Susan E. Skerritt received an award of 5,207 shares of common stock as a grant under the company’s Amended and Restated Incentive Award Plan. These restricted shares vest, and restrictions lapse, on February 15, 2027, with potential accelerated vesting in certain cases such as death or certain involuntary terminations.
Following this grant, Skerritt directly holds 50,721.82 common shares. A footnote also notes that 1,432.83 deferred share units were accumulated through a dividend reinvestment program since her last Form 4, reflecting additional stock-based compensation accrual rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SKERRITT SUSAN E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,207 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,721.82 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 February 15, 2027 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations). Since the Reporting Person's last Form 4, 1,432.83 deferred share units were acquired through a dividend reinvestment program.
FAQ
What did Tanger Inc. (SKT) director Susan E. Skerritt report in this Form 4?
Susan E. Skerritt reported receiving a grant of 5,207 shares of Tanger Inc. common stock. The award was made under the company’s Amended and Restated Incentive Award Plan as stock-based compensation rather than an open-market purchase of shares.