Stein Justin C 4
Research Summary
AI-generated summary
Tanger (SKT) EVP Justin Stein Withholds 1,930 Shares for Taxes
What Happened
- Justin C. Stein, EVP & Chief Revenue Officer of Tanger Inc. (SKT), had 1,930 restricted shares withheld on March 16, 2026 to satisfy tax withholding related to vesting. The withheld shares are reported at $35.15 each, representing $67,840.
- This was a tax-withholding forfeiture (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date and price: March 16, 2026 — 1,930 shares withheld at $35.15/share (total $67,840).
- Vesting note: 3,803 restricted shares vested on March 16, 2026; 1,930 were withheld for taxes (per footnote F1).
- Shares owned after transaction: Not disclosed in the provided filing.
- Filing timeliness: Form 4 filed March 17, 2026 (next business day) — appears timely.
- Nature of transaction: Tax withholding/forfeiture (code F), routine administrative action.
Context
- This was a cashless tax-withholding related to the vesting of restricted stock, a common method for satisfying withholding obligations; it does not indicate an independent decision to sell shares on the market or express a change in insider sentiment.