Yalof Stephen 4

What Happened

• Stephen Yalof, President & CEO and Director of Tanger Inc. (SKT), had 12,066 shares forfeited/withheld on March 16, 2026 to satisfy tax withholding related to the vesting of restricted stock. The withheld shares were valued at $35.15 each, totaling $424,120.
• This was not an open-market sale or a purchase—it's a routine tax withholding following the vesting of awards, not necessarily a signal about his view of the company.

Key Details

• Transaction date: 2026-03-16; Price per share: $35.15; Total value withheld: $424,120.
• Vesting detail (footnote): 26,621 restricted shares vested on March 16, 2026; 12,066 shares (≈45.4%) were withheld to cover taxes.
• Transaction code: F (forfeiture/withholding to satisfy tax liability).
• Shares owned after transaction: not specified in the provided filing.
• Filing: Reported on March 17, 2026 for the March 16 transaction (timely filing).

Context

• This was a tax-withholding forfeiture tied to restricted stock vesting (common practice). It differs from an active sale by the insider—shares were retained by the company/broker to pay taxes rather than sold on the open market by the insider.
• Such withholdings are routine administrative actions and don’t directly indicate insider buying or selling intent.