Tanger (SKT) director awarded 588.92 deferred share units in Form 4

Rhea-AI Filing Summary

CITRIN JEFFREY B reported acquisition or exercise transactions in this Form 4 filing.

Tanger Inc. director Jeffrey B. Citrin received a grant of 588.92 deferred share units of common stock on May 15, 2026 at a reference price of $35.78 per unit. Each unit equals one common share, payable when his board service ends, bringing his direct holdings to 151,412.42 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CITRIN JEFFREY B

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	588.92	$35.78	$21K

Holdings After Transaction: Common Stock — 151,412.42 shares (Direct, null)

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, 106.97 deferred share units were acquired through a dividend reinvestment program.

Key Figures

Deferred share units granted: 588.92 units Reference price per unit: $35.78 per share Shares after transaction: 151,412.42 shares +1 more

4 metrics

Deferred share units granted 588.92 units Director award on May 15, 2026

Reference price per unit $35.78 per share Grant valuation for deferred share units

Shares after transaction 151,412.42 shares Director’s direct holdings following grant

Dividend reinvestment units 106.97 units Deferred share units from dividend reinvestment since last Form 4

Key Terms

deferred share units, Director Deferred Share Program, dividend reinvestment program

3 terms

deferred share units financial

"Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Inc."

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

Director Deferred Share Program financial

"issued pursuant to the Director Deferred Share Program of Tanger Inc. and Tanger Properties Limited Partnership"

dividend reinvestment program financial

"Since the Reporting Person's last Form 4, 106.97 deferred share units were acquired through a dividend reinvestment program."

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

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^*

CITRIN JEFFREY B

(Last) (First) (Middle)

3200 NORTHLINE AVENUE, SUITE 360

(Street)

GREENSBORO NORTH CAROLINA 27408

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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	05/15/2026		A		588.92(1)	A	$35.78	151,412.42(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

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, 106.97 deferred share units were acquired through a dividend reinvestment program.

Remarks:

	/s/ Eric Richardson, attorney-in-fact for Mr. Citrin	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Tanger Inc. (SKT) report for Jeffrey B. Citrin?

Tanger Inc. reported that director Jeffrey B. Citrin acquired 588.92 deferred share units of common stock as a grant. These units are part of the company’s director compensation programs rather than an open-market stock purchase.

What are the terms of the deferred share units granted to Tanger (SKT) director Jeffrey Citrin?

The deferred share units granted to Jeffrey Citrin each equal one common share of Tanger Inc. stock. These units become payable in common shares when his service as a director ends, deferring actual share delivery until that termination event.

How many Tanger Inc. (SKT) shares does Jeffrey Citrin hold after this Form 4 transaction?

After this grant, director Jeffrey Citrin directly holds 151,412.42 shares of Tanger Inc. common stock, including the newly awarded deferred share units, according to the post-transaction balance disclosed in the Form 4 filing.

Was Jeffrey Citrin’s Tanger (SKT) transaction an open-market stock purchase?

No, the Form 4 shows a code A transaction, meaning a grant or award of 588.92 deferred share units. This is compensation-related, not an open-market buy, and reflects director equity awards rather than discretionary share purchases.

What does the dividend reinvestment footnote mean in Tanger (SKT) director Citrin’s Form 4?

A footnote explains that 106.97 deferred share units were acquired through a dividend reinvestment program since his last Form 4. This means dividends on existing units were automatically reinvested into additional deferred share units.