Key facts
- This page summarizes Chad Perry's Form 4 filing for TANGER FACTORY OUTLET CENTERS, INC (SKT).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 17 Feb 2023, 16:58.
Chad Perry - 15 Feb 2023 Form 4 Insider Report for TANGER FACTORY OUTLET CENTERS, INC (SKT)
- Reporting relationship
- EVP,General Counsel,Secretary
- Issuer ticker
- SKT
- Reported as of
- 15 Feb 2023
- Net transaction value
- -$655,395
- SEC form
- 4
- Accepted by SEC
- 17 Feb 2023, 16:58:09 UTC
- Prior SEC filing
- 09 Feb 2023
- Next SEC filing
- 14 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Thomas J. Guerrieri Jr., attorney-in-fact for Mr. Perry
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Chad Perry filed Form 4 for TANGER FACTORY OUTLET CENTERS, INC (SKT) on 17 Feb 2023.
Change
- Previous filing in this sequence was filed on 09 Feb 2023.
- Current net transaction value: -$655,395.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SKT
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +83,274
- Change %
- +58%
- Price
- $0.000000
- Shares after
- 226,484
- Date
- 15 Feb 2023
- Ownership
- Direct
- Footnotes
- F1
SKT
transaction
Common Stock
Tax liability
- Transaction value
- $655,395
- Shares
- -34,880
- Change %
- -15%
- Price
- $18.79
- Shares after
- 191,604
- Date
- 15 Feb 2023
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SKT
transaction
Derivative
Notional Units
Options Exercise
- Transaction value
- $0
- Shares
- -83,274
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 83,274
- Exercise price
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Represents restricted common shares received from the conversion of notional units. Based on the share price targets achieved, each notional unit was converted into one restricted common share. 50% of the shares vested on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.
Footnote F2
Represents notional units, each of which converted into an equivalent number of restricted common shares based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to its peer group, over the three-year measurement period from February 11, 2020 through February 10, 2023, as certified by the Compensation Committee on February 14, 2023.
Footnote F3
With respect to 33.30% of the performance shares, 20% of this portion of the award was earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award was earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award was earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award was earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award was earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award was earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares converted on a pro-rata basis by linear interpolation between share price appreciation thresholds.
Footnote F4
100% of the absolute and relative portions were actually earned. The notional units convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.