Tanger (SKT) director Citrin gains LTIP units and 520 new shares

Rhea-AI Filing Summary

Tanger Inc. director Jeffrey B. Citrin reported equity awards that increase his stake in the company. He acquired 5,207 Basic LTIP Units of Tanger Properties Limited Partnership at a price of $0.0000 per unit. These units are designed as profits interests and, once vested and after certain tax-related allocation conditions are met, automatically convert into non-voting Class C Common Units.

According to the disclosure, Class C Common Units may then be exchanged for Tanger Inc. common shares on a one-for-one basis. The Basic LTIP Units are scheduled to vest on February 15, 2027, with potential accelerated vesting in specific situations such as death or certain involuntary terminations. Following this award, Citrin directly holds 10,267 limited partnership units.

On the same date, he also acquired 520.68 shares of Tanger Inc. common stock at $33.61 per share through a grant or award transaction, bringing his directly owned common stock holdings to 150,716.53 shares. Footnotes indicate that separate from these transactions, an additional 101.18 deferred share units were previously accumulated through a dividend reinvestment program, and deferred share units will be settled in common shares when his board service ends.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CITRIN JEFFREY B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Limited Partnership Units exchangeable for Common Stock	5,207	$0.00	--
Grant/Award	Common Stock	520.68	$33.61	$18K

Holdings After Transaction: Limited Partnership Units exchangeable for Common Stock — 10,267 shares (Direct); Common Stock — 150,716.53 shares (Direct)

Footnotes (1)

1. Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares upon termination of his service as a director. Since the Reporting Person's last Form 4, 101.18 deferred share units were acquired through a dividend reinvestment program. Reflects an award of Basic LTIP Units of Tanger Properties Limited Partnership, which, if and as they become vested, and conditioned upon the satisfaction of minimum allocations to the capital accounts of the Basic LTIP Units for federal income tax purposes, are automatically converted into non-voting Class C Common Units. Class C Common Units may be exchanged by the reporting person for Tanger Inc. common shares on a one-for-one basis. Basic LTIP Units are intended to qualify as profits interests for US federal income tax purposes. These Basic LTIP Units are scheduled to vest on February 15, 2027 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations). Includes Basic LTIP Units which were automatically converted into Class C Common Units. See footnote 3 discussing the conversion of the Basic LTIP Units.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CITRIN JEFFREY B

(Last) (First) (Middle)

3200 NORTHLINE AVENUE, SUITE 360

(Street)

GREENSBORO NC 27408

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TANGER INC. [ SKT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/13/2026		A		520.68(1)	A	$33.61	150,716.53(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Limited Partnership Units exchangeable for Common Stock(3)	(3)	02/13/2026		A		5,207(4)		(3)	(3)	Common Stock	5,207	$0	10,267(5)	D

Explanation of Responses:

1. Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares upon termination of his service as a director.

2. Since the Reporting Person's last Form 4, 101.18 deferred share units were acquired through a dividend reinvestment program.

3. Reflects an award of Basic LTIP Units of Tanger Properties Limited Partnership, which, if and as they become vested, and conditioned upon the satisfaction of minimum allocations to the capital accounts of the Basic LTIP Units for federal income tax purposes, are automatically converted into non-voting Class C Common Units. Class C Common Units may be exchanged by the reporting person for Tanger Inc. common shares on a one-for-one basis. Basic LTIP Units are intended to qualify as profits interests for US federal income tax purposes.

4. These Basic LTIP Units are scheduled to vest on February 15, 2027 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations).

5. Includes Basic LTIP Units which were automatically converted into Class C Common Units. See footnote 3 discussing the conversion of the Basic LTIP Units.

Remarks:

	/s/ Eric Richardson, attorney-in-fact for Mr. Citrin	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Tanger (SKT) director Jeffrey B. Citrin acquire in this Form 4?

Jeffrey B. Citrin acquired 5,207 Basic LTIP Units and 520.68 Tanger Inc. common shares. The LTIP Units may ultimately convert into common shares, while the stock grant immediately increases his direct equity exposure to the company.

How can Citrin’s Basic LTIP Units in Tanger (SKT) turn into common stock?

The 5,207 Basic LTIP Units can automatically convert into non-voting Class C Common Units once vesting and tax allocation conditions are met. Those Class C Units may then be exchanged for Tanger Inc. common shares on a one-for-one basis.

When do Jeffrey Citrin’s Tanger (SKT) Basic LTIP Units vest?

Citrin’s Basic LTIP Units are scheduled to vest on February 15, 2027. The vesting schedule may accelerate under certain conditions, including death or specified involuntary terminations, as described in the award’s terms.

How many Tanger (SKT) common shares does Citrin own after this filing?

After the reported transactions, Citrin directly owns 150,716.53 Tanger Inc. common shares. This total reflects the new 520.68-share grant acquired at $33.61 per share, in addition to his existing directly held shares.

What is the role of deferred share units in Tanger (SKT) director compensation?

Deferred share units are issued under Tanger’s Director Deferred Share Program and each equals one common share. They become payable in common shares when the director’s board service ends, and may grow over time through dividend reinvestment.

Were any Tanger (SKT) shares sold in Jeffrey Citrin’s latest Form 4?

No sales were reported. The Form 4 shows two acquisition transactions: a grant of 5,207 Basic LTIP Units at $0.00 and an award of 520.68 common shares at $33.61 per share, both increasing Citrin’s holdings.