Director Sandeep Mathrani receives 5,207 Tanger (SKT) deferred share units

Rhea-AI Filing Summary

MATHRANI SANDEEP reported acquisition or exercise transactions in this Form 4 filing.

Tanger Inc. director Sandeep Mathrani reported an equity award of 5,207 shares of common stock in the form of deferred share units. These units were granted at a price of $0.00 per share as director compensation and increase his directly owned common stock to 36,143 shares.

Each deferred share unit is equivalent to one common share and will vest, with restrictions ending, on February 15, 2027, subject to possible accelerated vesting in cases such as death or certain involuntary terminations. The units are scheduled to be settled and paid in common shares on December 1, 2027.

Insider Trade Summary

Net Buyer: 5,207 shares

Net Buy 1 txn

Insider MATHRANI SANDEEP

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,207	$0.00	$0.00

Holdings After Transaction: Common Stock — 36,143 shares (Direct)

Footnotes (1)

1. F1. 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 vest and the restrictions cease to apply on February 15, 2027 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations), and the deferred share units become payable in common shares on December 1, 2027.

FAQ

What insider transaction did Tanger Inc. (SKT) report for Sandeep Mathrani?

Tanger Inc. reported that director Sandeep Mathrani acquired 5,207 deferred share units of common stock as a grant. These units were issued at $0.00 per share and represent equity-based director compensation under the company’s deferred share program.

How many Tanger Inc. (SKT) shares does Sandeep Mathrani own after this Form 4?

After this award, director Sandeep Mathrani beneficially owns 36,143 shares of Tanger Inc. common stock. This total includes the newly granted 5,207 deferred share units, each of which is equivalent to one share of common stock when settled.

What are deferred share units in Tanger Inc. (SKT)’s director program?

Tanger Inc.’s deferred share units are equity awards where each unit equals one common share. For this grant, units were issued under the Director Deferred Share Program and function as stock-based compensation that will convert into common shares at a future settlement date.

When do Sandeep Mathrani’s Tanger Inc. (SKT) deferred share units vest and pay out?

The 5,207 deferred share units granted to Sandeep Mathrani vest and lose restrictions on February 15, 2027. They are then scheduled to be paid out in common shares on December 1, 2027, with potential accelerated vesting in certain circumstances.

Was there any cash paid for Sandeep Mathrani’s Tanger Inc. (SKT) stock grant?

No cash changed hands in this transaction. The 5,207 deferred share units were granted at a $0.00 price per share, indicating they are a form of equity compensation for board service rather than an open-market purchase of Tanger Inc. stock.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/18/2026 - 08:12 PM Learn about SEC filing dates

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
Estimated average burden
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^*

MATHRANI SANDEEP

(Last) (First) (Middle)

3200 NORTHLINE AVE, 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		5,207(1)	A	$0	36,143	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

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 vest and the restrictions cease to apply on February 15, 2027 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations), and the deferred share units become payable in common shares on December 1, 2027.

Remarks:

	/s/ Eric Richardson, attorney-in-fact for Mr. Mathrani	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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