4//SEC Filing
TANGER STEVEN B 4
Accession 0000899715-23-000060
CIK 0000899715other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 5:50 PM ET
Size
9.1 KB
Accession
0000899715-23-000060
Insider Transaction Report
Form 4
TANGER STEVEN B
DirectorPresident, CEO
Transactions
- Award
Common Stock
2023-03-14+22,819→ 1,501,983 total - Award
Notional Units
2023-03-14+49,669→ 49,669 total→ Common Stock (49,669 underlying)
Holdings
- 5,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on January 1, 2024.
- [F2]Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends(TSR), and its TSR relative to a selected group, over the three-year measurement period from March 14, 2023 through March 13, 2026.
- [F3]With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 26.0% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 33.1%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 40.5%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be 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 will be 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 will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.
- [F4]Any restricted common shares earned on March 13, 2026 will vest on March 20, 2026.
Documents
Issuer
TANGER FACTORY OUTLET CENTERS, INC
CIK 0000899715
Entity typeother
Related Parties
1- filerCIK 0001216940
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 5:50 PM ET
- Size
- 9.1 KB