Tanger Inc. (NYSE: SKT) COO forfeits 2,993 shares for taxes
Rhea-AI Filing Summary
Tanger Inc. executive vice president and chief operating officer Leslie Swanson Gallardo reported a routine tax-related share forfeiture. On March 16, 2026, 7,606 restricted common shares vested and 2,993 shares were withheld solely to cover tax withholding obligations. Following this non-market disposition, Swanson Gallardo now directly holds 75,489 shares of Tanger common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,993 shares
Net Sell
1 txn
Insider
Swanson Gallardo Leslie
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,993 | $35.15 | $105K |
Holdings After Transaction:
Common Stock — 75,489 shares (Direct)
Footnotes (1)
- F1. This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person. On March 16, 2026, 7,606 restricted shares vested, with 2,993 shares withheld to cover tax withholding liability.
FAQ
What did Tanger Inc. (SKT) EVP COO Leslie Swanson Gallardo report in this Form 4?
Leslie Swanson Gallardo reported a tax-related share forfeiture, not an open-market trade. Restricted shares vested, and a portion was withheld to satisfy tax obligations, a common administrative step when equity awards convert into freely owned shares.
Was this Tanger Inc. (SKT) Form 4 an open-market sale by the executive?
No, the Form 4 reports a tax-withholding disposition, not an open-market sale. Shares were forfeited solely to satisfy tax liabilities from restricted stock vesting, a standard mechanism that does not involve selling shares into the public market.
What role does Leslie Swanson Gallardo hold at Tanger Inc. (SKT)?
Leslie Swanson Gallardo serves as executive vice president and chief operating officer of Tanger Inc. This officer status is disclosed in the Form 4, which reports changes in her beneficial ownership of Tanger common stock arising from equity compensation vesting.
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