Tanger Inc. (SKT) director awarded 5,207 LTIP units exchangeable into shares

Rhea-AI Filing Summary

Tanger Inc. director Thomas Reddin reported an equity award rather than an open-market trade. He acquired 5,207 Basic LTIP Units of Tanger Properties Limited Partnership that are exchangeable into Tanger Inc. common shares on a one-for-one basis after a series of conversions and tax-related conditions.

These Basic LTIP Units are scheduled to vest on February 15, 2027, with potential accelerated vesting in cases such as death or certain involuntary terminations. Following this grant, Reddin holds a total of 10,267 such units, which function as profit-interest style awards tied to future performance and capital allocations.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider REDDIN THOMAS

Role Director

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

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

Footnotes (1)

1. 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 1 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
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^*

REDDIN THOMAS

(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

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(1)	(1)	02/13/2026		A		5,207(2)		(1)	(1)	Common Stock	5,207	$0	10,267(3)	D

Explanation of Responses:

1. 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.

2. 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).

3. Includes Basic LTIP Units which were automatically converted into Class C Common Units. See footnote 1 discussing the conversion of the Basic LTIP Units.

Remarks:

	/s/ Thomas J. Guerrieri Jr., attorney in fact for Mr. Reddin	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did SKT director Thomas Reddin report?

Thomas Reddin reported acquiring 5,207 Basic LTIP Units of Tanger Properties Limited Partnership. These units are part of an equity-based compensation award and are ultimately exchangeable into Tanger Inc. common shares, subject to vesting, tax allocation conditions, and an intermediate conversion into non-voting Class C Common Units.

How many LTIP-related units does SKT director Thomas Reddin hold after this Form 4?

After this award, Thomas Reddin holds a total of 10,267 LTIP-related units. This total includes the newly granted 5,207 Basic LTIP Units plus previously held units, some of which have been automatically converted into non-voting Class C Common Units as described in the filing’s explanatory footnotes.

When do Thomas Reddin’s new Basic LTIP Units for SKT vest?

The 5,207 Basic LTIP Units granted to Thomas Reddin are scheduled to vest on February 15, 2027. Vesting can accelerate in certain situations, including death and specified involuntary terminations, making the actual vesting date earlier if those triggering events occur under the plan’s terms.

Can Thomas Reddin’s LTIP Units be converted into Tanger Inc. (SKT) common stock?

Yes. Once vested and after satisfying required capital account allocation conditions, the Basic LTIP Units automatically convert into non-voting Class C Common Units. These Class C Common Units may then be exchanged by Thomas Reddin for Tanger Inc. common shares on a one-for-one basis, according to the disclosed terms.

What is the nature of the LTIP award reported by SKT director Thomas Reddin?

The award consists of Basic LTIP Units intended to qualify as profits interests for U.S. federal income tax purposes. They carry no cash purchase price, vest over time, and are economically linked to Tanger Properties Limited Partnership performance before potentially converting into exchangeable Class C Common Units and ultimately Tanger Inc. common shares.