Equity moves at Tanger (SKT) as officer covers taxes and gains LTIP units

Rhea-AI Filing Summary

Tanger Inc. officer Jessica K. Norman reported two equity-related transactions. On February 17, 2026, 3,488 shares of common stock were disposed of at $33.82 per share to satisfy tax withholding tied to the vesting of 6,507 restricted shares, leaving her with 29,906 common shares held directly. Separately, on February 13, 2026, she received an award of 10,712 Basic LTIP Units of Tanger Properties Limited Partnership at a stated price of $0.00 per unit. These Basic LTIP Units are designed as profits interests, can convert into non-voting Class C Common Units, and may ultimately be exchanged on a one-for-one basis for Tanger Inc. common shares, with vesting scheduled in one-third increments each February 15 over the first three years following the grant, subject to certain acceleration conditions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Norman Jessica K

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,488	$33.82	$118K
Grant/Award	Limited Partnership Units exchangeable for Common Stock	10,712	$0.00	--

Holdings After Transaction: Common Stock — 29,906 shares (Direct); Limited Partnership Units exchangeable for Common Stock — 10,712 shares (Direct)

Footnotes (1)

1. This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person. On February 17, 2026, 6,507 restricted shares vested, with 3,488 shares withheld to cover tax withholding liability. 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 one-third on February 15th of each year of the first three calendar years following the grant (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations).

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^*

Norman Jessica K

(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)

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

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	02/17/2026		F(1)		3,488	D	$33.82	29,906	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(2)	(2)	02/13/2026		A		10,712(3)		(2)	(2)	Common Stock	10,712	$0	10,712	D

Explanation of Responses:

1. This forfeiture was undertaken solely to satisfy a tax withholding liability related to the vesting of stock held by the reporting person. On February 17, 2026, 6,507 restricted shares vested, with 3,488 shares withheld to cover tax withholding liability.

2. 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.

3. These Basic LTIP Units are scheduled to vest one-third on February 15th of each year of the first three calendar years following the grant (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations).

Remarks:

Title - Executive Vice President, Chief Administrative Officer, General Counsel

	/s/ Eric Richardson, attorney-in-fact for Ms. Norman	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 transactions did Jessica K. Norman report at Tanger Inc. (SKT)?

Jessica K. Norman reported a tax-withholding disposition of 3,488 Tanger Inc. common shares and an acquisition of 10,712 Basic LTIP Units. The share disposition covered taxes on vesting restricted stock, while the LTIP award represents equity-based compensation with future conversion potential.

Why were 3,488 Tanger Inc. (SKT) shares disposed of in this Form 4?

The 3,488 Tanger Inc. shares were surrendered solely to satisfy tax withholding on vesting restricted stock. On the same date, 6,507 restricted shares vested, and part of that amount was withheld to cover the tax liability, rather than being an open-market sale transaction.

What are the 10,712 Basic LTIP Units reported for Tanger Inc. (SKT)?

The 10,712 Basic LTIP Units are an equity award in Tanger Properties Limited Partnership. If vesting and tax allocation conditions are met, they convert into non-voting Class C Common Units, which the holder may then exchange one-for-one for Tanger Inc. common shares.

How do the Basic LTIP Units for Tanger Inc. (SKT) vest over time?

The Basic LTIP Units are scheduled to vest in three equal parts. One-third vests on February 15 of each of the first three calendar years after the grant, with possible accelerated vesting in situations like death or certain involuntary terminations, as described in the award terms.

How many Tanger Inc. (SKT) common shares does Jessica K. Norman hold after these transactions?

After the tax-withholding disposition, Jessica K. Norman directly holds 29,906 Tanger Inc. common shares. This figure reflects her position following the surrender of 3,488 shares to cover tax obligations related to the vesting of previously granted restricted stock.

Is the Tanger Inc. (SKT) tax-withholding transaction considered an open-market sale?

No, the transaction is characterized as a tax-withholding disposition. Shares were forfeited back to satisfy a tax liability on vested restricted stock, rather than sold in the open market, according to the transaction code and explanatory footnote.