Tanger Factory Outlets Inc.’s chief executive officer saw a 6.4 percent decrease in total compensation in the company’s 2016 fiscal year due to a decrease in stock awards, according to a Securities and Exchange Commission filing on Wednesday.

Steven B. Tanger’s compensation for the fiscal year totaled $7.3 million, down from $7.83 million in the company’s 2015 fiscal year. He was awarded $4.49 million in share awards, almost $1 million less than the prior year’s share awards of $5.4 million.

Tanger’s base salary of $824,000 remained unchanged from the company’s 2015 fiscal year. According to an 8-K filing dated Dec. 14, the CEO’s base salary is eligible for an increase in 2018.

James F. Williams, who was named senior vice president and chief financial officer in May, received total compensation of $848,359. This includes a base salary of $350,000.

Tanger Outlets a publicly-traded real estate investment trust that operates and owns a portfolio of 44 outlet shopping centers located in 22 states. Established in 1981, Tanger Outlets has leased to over 3,100 stores operated by more than 500 different companies.

Attracting more than 199 million shoppers annually, the company reported 2016 net income of $191.8 million, or $2.01 per share, compared to net income of $208.8 million, or $2.20 per share, in 2015.

Tanger Outler’s annual meeting will be held on Friday, May 19 at 10 a.m. at the company’s corporate office, 3200 Northline Avenue, Suite 360, in Greensboro.

The company’s shares were trading at $32.64 on Wednesday morning, down 20 cents or 0.61 percent.