Norman Jessica K 4

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.