Stephen Yalof - Feb 15, 2024 Form 4 Insider Report for TANGER INC. (SKT)

Role
President & CEO
Signature
/s/ Eric Richardson, attorney-in-fact for Mr. Yalof
Stock symbol
SKT
Transactions as of
Feb 15, 2024
Transactions value $
-$1,687,086
Form type
4
Date filed
2/20/2024, 05:16 PM
Previous filing
Apr 11, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKT Common Stock Award $0 +56K +8.91% $0.00 684K Feb 15, 2024 Direct F1
transaction SKT Common Stock Tax liability -$1.69M -63K -9.21% $26.78 621K Feb 15, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person.