Stephen Yalof is the CEO of Tanger Inc., a leading owner and operator of outlet shopping centers. He joined the company in 2020 as President and COO and became CEO in 2021. Before Tanger, he was the CEO of Simon Premium Outlets, which shows he knows a lot about retail and real estate. He graduated from George Washington University with a degree in Business Administration, focusing on retail, which fits well with his role at Tanger. His approach to leadership emphasizes performance, as seen in his compensation structure which heavily relies on meeting specific company goals. In 2023, he earned a total of $6.1 million, including a cash bonus of $1.5 million, reflecting his success in driving the company's performance. Interestingly, he has a contract that ensures his position at the company until at least 2026, emphasizing stability in leadership. He's also an investor in Tanger, holding significant shares worth millions, which aligns his interests with those of shareholders. This makes him a committed leader who understands what it takes to succeed in the competitive retail landscape.

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Stephen Yalof

CEO of Tanger

Education

George Washington University, B.S. in Business Administration

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Real Estate

Born

January 1, 1961 - 64 years ago

CEO of Tanger for

4 years 6 months (Jan 2021 - Present)

Previous Experience

Chief Executive Officer of Simon Premium Outlets of the Simon Property Group, Inc.

Rivals

Competitors/colleagues of Stephen Yalof

Steven P. Grimes

CEO of Kite Realty Group

2023 Compensation

Stock

$6.54M

Salary

$950.00K

Bonus

$2.85M

Other

$36.33K

Total Holdings

$16.22M

Conor C. Flynn

CEO of Kimco Realty

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.92M

Other

$26.34K

Total Holdings

$28.47M

John P. Case

CEO of Realty Income

2023 Compensation

Stock

$7.40M

Salary

$1.00M

Bonus

$4.06M

Other

$674.91K

Total Holdings

$9.09M

James M. Taylor Jr.

CEO of Brixmor Property Group

2023 Compensation

Stock

$6.59M

Salary

$1.10M

Bonus

$2.43M

Other

$36.11K

Total Holdings

$29.52M

Sumit Roy

CEO of Realty Income

2023 Compensation

Stock

$5.96M

Salary

$1.00M

Bonus

$4.06M

Other

$674.91K

Total Holdings

$23.97M

Holdings

See how much did Stephen Yalof make over time.

Stephen Yalof is not just a CEO; he is also a significant shareholder in Tanger Inc., which connects his success to the company's performance. In 2023, he held 1 million stock options with an exercise price of $7.15, all of which vested as of April 2023. At the end of 2023, the market value of his holdings had appreciated, reflecting his commitment to the company's growth. As of now, Yalof's holdings exceed $4.2 million in value, showing a decline compared to previous years when his shares were much higher. In 2021, his insider trading peaked, and since then, he has seen fluctuations in the total worth of his assets. However, he continues to manage his investments wisely while leading Tanger through its growth trajectory in the retail sector.

Insider Trading

See recent insider trades of Stephen Yalof.

SKT

47,026 shares

SKT

Feb 27, 2025

Received

SKT

56,012 shares

SKT

Feb 15, 2024

Received

SKT

79,864 shares

SKT

Mar 14, 2023

Received

SKT

72,203 shares

SKT

Feb 23, 2022

Received

SKT

68,494 shares

SKT

Feb 22, 2021

Received

SKT

$57.77K

SKT at $5.78/share

Aug 21, 2020

Purchase

SKT

389,308 shares

SKT

Apr 10, 2020

Received

Compensation History

See how much did Stephen Yalof make over time.

In 2023, Stephen Yalof earned $6.1 million in total compensation, primarily driven by performance metrics and cash bonuses. He received a base salary of $850,000 and a performance-based cash bonus of $1.5 million, which is 174% of his salary, highlighting his ability to meet demanding company goals. Interestingly, his total compensation has increased from $5.5 million in 2022, reflecting the improving performance of Tanger Inc. He does not have vested stock grants because his incentives are tied to future performances rather than past achievements, which keeps him focused on driving the company forward. His compensation philosophy emphasizes a strong link between executive pay and shareholder interests, ensuring that he is highly motivated to succeed for all stakeholders involved.

Year

2023

Total Compensation

$2.60M

Salary

$850.00K

Board Justification

The compensation philosophy is designed to motivate, attract, and retain highly qualified executives, aligning their interests with those of shareholders through a pay-for-performance structure.

Bonus

$1.48M

Board Justification

The bonus is based on performance criteria approved by the Compensation and Human Capital Committee, with a target cash bonus compensation set at 125% of base salary. Due to the performance achieved in 2023, Mr. Yalof earned a cash bonus payout of 174% of salary.

Other

$272.86K

Board Justification

Other compensation includes dividends paid on unvested restricted Common Shares and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on performance-based awards that vest based on future performance metrics.

Performance Metrics

Performance metrics include Core FFO per share, percentage change in Same Center NOI, operating margin growth, and strategic performance in growth initiatives, sustainability, and customer loyalty.

Other Tanger CEOs

Here are other CEOs of Tanger

Steven B. Tanger

Ex-CEO of Tanger

January 2009 - April 2020