Norman Jessica K 4

4 · TANGER INC. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Tanger (SKT) EVP Jessica K. Norman Receives LTIP Award; Shares Withheld for Taxes

What Happened

Jessica K. Norman, Executive Vice President, Chief Administrative Officer and General Counsel of Tanger Inc. (SKT), received an award of 10,712 Basic LTIP Units on 2026-02-13 (a derivative award). On 2026-02-17, 6,507 restricted shares vested and 3,488 of those vested shares were forfeited/withheld to satisfy tax withholding at $33.82 per share, a disposition of $117,964. The LTIP units are derivative awards that convert into non-voting Class C Common Units and can be exchanged one-for-one for Tanger common shares once vested.

Key Details

Transactions:
- 2026-02-13 — Grant/award (Code A): 10,712 Basic LTIP Units @ $0.00 (derivative award).
- 2026-02-17 — Tax withholding/forfeiture (Code F): 3,488 shares withheld @ $33.82 = $117,964 (reported as disposed).
Shares owned after the transactions: not specified in the provided filing summary.
Footnotes of note:
- F1: Forfeiture of 3,488 vested shares solely to satisfy tax withholding on vesting of 6,507 restricted shares.
- F2: Basic LTIP Units convert to non-voting Class C Common Units (exchangeable 1:1 for Tanger common shares) if vesting and tax-allocation conditions are met.
- F3: Vesting schedule: one-third vest on Feb 15 of each of the first three years after grant (subject to certain acceleration).
Filing: Report filed 2026-02-18 covering the 2/13 grant and 2/17 vesting/withholding. No late-filing flag is shown in the provided data.

Context

This filing reports an equity award and routine tax withholding on vesting — not an open-market sale. Withholding/forfeiture of vested shares to cover taxes is common and does not necessarily indicate the insider’s view on the stock. The LTIP units are derivative/long-term incentive awards that may convert into common shares upon vesting and meeting tax-allocation conditions.

Form 4

Period: 2026-02-13

See Remarks

Transactions

Tax Payment
Common Stock
[F1]
2026-02-17$33.82/sh−3,488$117,964→ 29,906 total
Award
Limited Partnership Units exchangeable for Common Stock
[F2][F3]
2026-02-13+10,712→ 10,712 total
→ Common Stock (10,712 underlying)

Footnotes (3)

[F1]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.
[F2]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.
[F3]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).

Signature

/s/ Eric Richardson, attorney-in-fact for Ms. Norman|2026-02-18

1 file