Jessica K. Norman, the Executive Vice President and Chief Administrative Officer of Tanger Inc., has reported a forfeiture of 2,889 shares of common stock. This forfeiture was executed to satisfy tax withholding liabilities related to the vesting of restricted shares on October 2, 2026.
This event is significant as it underscores the ongoing management of executive compensation within the real estate investment trust (REIT) sector. The forfeiture of shares is a common practice among executives to meet tax obligations arising from stock vesting events.
Background
Tanger Inc. operates in the real estate investment trusts industry, focusing on the acquisition, development, and management of shopping centers. The company is based in Greensboro, North Carolina, and is traded under the ticker symbol SKT. The recent filing, dated October 5, 2026, is part of a series of disclosures that highlight the company's commitment to transparency in executive transactions.
What the Filing Says
This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person.
According to the filing, a total of 5,681 restricted shares vested on October 2, 2026, with 2,889 shares withheld to cover the associated tax liability. Following this transaction, Norman retains ownership of 34,902 shares.
Impact
This transaction may affect shareholders and potential investors who are closely monitoring executive compensation practices. Transparency in such transactions is essential for maintaining investor trust and confidence in the management of the company.
What's Next
The filing does not say what happens next.