SKERRITT SUSAN E 4
Research Summary
AI-generated summary
Tanger (SKT) Director Susan E. Skerritt Receives Restricted Shares
What Happened
Susan E. Skerritt, a director of Tanger Inc. (SKT), was granted 5,207 restricted common shares on February 13, 2026. The award was reported at a $0.00 acquisition price (total reported value $0) and the restricted shares are scheduled to vest and have restrictions lapse on February 15, 2027 (with accelerated vesting in certain cases such as death or certain involuntary terminations). This is an equity compensation grant (award), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-13; transaction type: Award/Grant (code A).
- Shares granted: 5,207 restricted common shares; reported acquisition price: $0.00; reported aggregate value: $0.
- Vesting: Restrictions lapse on 2027-02-15, subject to acceleration in certain circumstances (see filing).
- Additional note: Since the last Form 4, 1,432.83 deferred share units were acquired via a dividend reinvestment program (per footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form 4 filed 2026-02-18. Given the Feb 16 holiday (Presidents’ Day), the filing date falls within the standard two business-day reporting window and appears timely.
Context: This was a restricted-share compensation award (not a purchase or sale). Such grants reflect company compensation practices and vesting schedules rather than an immediate trading signal.