Welcome to our dedicated page for TANGER SEC filings (Ticker: SKT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Tanger Inc. filings document the reporting profile of a NYSE-listed retail REIT and its operating partnership structure. Form 8-K reports cover operating results, financial condition, Regulation FD supplemental portfolio information, material definitive agreements, and capital-structure actions involving Tanger Properties Limited Partnership.
Proxy materials describe annual meeting matters, board composition and refreshment, executive compensation, shareholder voting items, and corporate governance practices. The filing record also includes disclosures on common shares, unsecured term loans, exchangeable senior notes, guarantees, liquidity, portfolio operating metrics, and the risks and obligations tied to owning and operating outlet and open-air retail shopping centers.
Tanger Inc. reports full-year 2025 operational and strategic results, combining its annual report and Form 10-K disclosures. For the year, Total revenues were $581,562 (in thousands) and Core FFO was $2.33 per share. Same Center NOI consolidated was $376,147 (in thousands), and portfolio occupancy was 98%. The company completed two 2025 acquisitions: a 640,000-square-foot Cleveland mixed-use center for $167.0 million and a 690,000-square-foot Kansas City outlet for $130.0 million (including assumption of a $115.0 million mortgage). In January 2026 the Operating Partnership issued $250.0 million of Exchangeable Senior Notes due 2031 and the company closed unsecured term loans totaling $550.0 million. Management emphasizes merchandising, digital marketing, and lifestyle/dining activations as growth drivers.
Tanger Inc. has released its proxy materials for the 2026 virtual annual meeting, where shareholders will vote on eight director nominees, ratification of Deloitte & Touche LLP as auditor for 2026, and an advisory say-on-pay proposal for executive compensation.
The proxy highlights strong 2025 performance: net income available to common shareholders of $114.8 million or $0.99 per share, Core FFO of $278 million or $2.33 per share, and Same Center NOI rising to $376.1 million. Occupancy was 98.0%, dividends totaled $1.1525 per share (up 6% from 2024), and three-year and five-year total shareholder returns were 110% and 313%, respectively.
Governance changes include former CEO Steven B. Tanger retiring as Non-Executive Chair after the meeting, becoming Chair Emeritus, and Luis A. Ubiñas being expected to assume the Non-Executive Chair role as the Board size drops from nine to eight members, seven of whom will be independent. The filing also emphasizes board diversity, robust risk and cybersecurity oversight, active shareholder engagement, and a pay-for-performance executive compensation program with substantial at-risk, TSR-linked equity awards.
Tanger Inc. director Steven B. Tanger exercised performance-based awards into common stock. On March 20, 2026, 49,669 notional units converted into the same number of restricted common shares after share-price targets were achieved, with 100% of the award vesting that day under his employment agreement.
Following the transactions, he directly owned 1,047,022 common shares and indirectly owned 5,000 common shares held by his wife. A footnote adds that 2,879,797 Limited Partnership Units held by Tango 7 LLC are exchangeable into Tanger Inc. shares and are considered indirectly beneficially owned, separate from the reported common stock.
Tanger Inc. executive Justin C. Stein reported a compensation-related share transaction. He exercised 24,835 notional units into an equal number of restricted common shares based on total shareholder return performance targets over a three-year period.
According to the award terms, 50% of these restricted shares vested on March 20, 2026, and the remaining 50% are scheduled to vest on March 15, 2027, contingent on continued employment. On March 20, 2026, 12,418 restricted shares vested, and 6,337 shares were withheld at $35.48 per share to cover tax liabilities, rather than sold on the open market.
After these transactions, Stein directly holds 64,757 shares of Tanger common stock. No derivative positions remain from this particular award, making the activity a routine exercise-and-vesting event rather than an open-market purchase or sale.
Tanger Inc. President & CEO Stephen Yalof exercised performance-based awards into common stock and had shares withheld for taxes. He converted 173,842 notional units into an equal number of restricted common shares after total shareholder return targets were fully achieved. According to the footnotes, 50% of these restricted shares vested on March 20, 2026 and the remaining 50% will vest on March 15, 2027, contingent on continued employment. To cover tax obligations from the vesting of 86,921 restricted shares, 39,524 shares were withheld rather than sold on the market at a price of $35.48 per share. After these compensation-related transactions, Yalof directly holds 903,156.84 shares of Tanger common stock.
Tanger Inc. SVP and CAO Thomas Joseph Guerrieri Jr. exercised 9,313 notional performance units into an equal number of restricted common shares on March 20, 2026. According to the award terms, 50% of these shares vested on that date and the remaining 50% will vest on March 15, 2027, contingent on continued employment. On March 20, 2026, 4,657 restricted shares vested, and 1,325 shares were withheld at a price of $35.48 per share to satisfy tax obligations. After these transactions, he directly holds 62,591 common shares.
Tanger Inc. executive Michael J. Bilerman exercised 74,504 notional units into an equal number of restricted common shares, all earned under a three-year total shareholder return (TSR) performance award. The award measured TSR, including dividends, and relative TSR versus a peer group from March 14, 2023 through March 13, 2026, and was earned at 100% of both the absolute and relative portions.
According to the terms, 50% of these restricted shares vested on March 20, 2026 and the remaining 50% are scheduled to vest on March 15, 2027, contingent on continued employment. On March 20, 2026, 37,252 restricted shares vested and 20,601 shares were withheld at $35.48 per share to cover tax obligations, leaving Bilerman with 176,432 common shares held directly after these transactions.
Tanger Inc. executive vice president and chief operating officer Leslie Swanson Gallardo exercised performance-based notional units that converted into 49,669 restricted common shares tied to total shareholder return targets. Half of these shares vested on March 20, 2026, with the remaining half scheduled to vest on March 15, 2027, contingent on continued employment. To cover tax obligations from the vesting of 24,835 restricted shares, 9,773 shares were withheld at a value of $35.48 per share, a non-market, tax-withholding disposition. After these transactions, Swanson Gallardo directly owned 115,385 shares of Tanger common stock.
Tanger Inc. executive Jessica K. Norman reported equity compensation activity tied to performance awards. On March 20, 2026, 10,574 notional units fully converted into 10,574 restricted common shares based on total shareholder return targets, leaving no remaining notional units outstanding. Footnotes state that 50% of these shares vested on March 20, 2026, and the remaining 50% are scheduled to vest on March 15, 2027, contingent on continued employment. On the same date, 2,689 common shares were forfeited at $35.48 per share solely to cover tax withholding on 5,287 vested restricted shares, leaving Norman with 37,791 directly held common shares.
Tanger Inc. executive vice president and chief operating officer Leslie Swanson Gallardo reported a routine tax-related share forfeiture. On March 16, 2026, 7,606 restricted common shares vested and 2,993 shares were withheld solely to cover tax withholding obligations. Following this non-market disposition, Swanson Gallardo now directly holds 75,489 shares of Tanger common stock.