Guerrieri Thomas Joseph JR 4
Research Summary
AI-generated summary
Tanger (SKT) SVP/CAO Thomas Guerrieri Receives Award; Shares Withheld for Taxes
What Happened
- Thomas Joseph Guerrieri Jr., Senior Vice President and Chief Accounting Officer of Tanger Inc., received a restricted share award and subsequently had shares withheld to cover tax withholding on vested shares. On Feb 13, 2026 he was granted 4,092 restricted common shares (acquisition price $0). On Feb 17, 2026 a separate vesting event delivered 7,827 restricted shares, of which 3,571 shares were withheld (disposed) at $33.82 per share to cover tax withholding, equal to $120,771.
Key Details
- Transaction dates and prices:
- Feb 13, 2026 — Award (code A): 4,092 restricted shares granted at $0.00.
- Feb 17, 2026 — Tax withholding (code F): 3,571 shares withheld/disposed at $33.82 per share for $120,771.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: The Feb 13 grant is under Tanger’s Incentive Award Plan; restrictions lapse one‑third on Feb 15 of each of the first three calendar years after the grant (subject to accelerated vesting in some cases).
- F2: The 3,571-share forfeiture on Feb 17 was solely to satisfy tax withholding; 7,827 restricted shares vested that day and 3,571 were withheld for taxes.
- Filing: Form 4 filed Feb 18, 2026; appears to have been submitted promptly.
Context
- This was a compensation-related award and routine tax withholding (a forfeiture to cover taxes), not an open-market sale or buy. Such withholdings are common when restricted shares vest and do not necessarily indicate the insider’s view on the stock.