Ubinas Luis A 4

What Happened
Luis A. Ubinas, a director of Tanger Inc. (SKT), received a grant/acquisition of 5,207 deferred share units (DSUs) on 2026-02-13. The units were issued at $0 per unit (total reported value $0). The filing also notes that since the last Form 4, 2,251.93 additional DSUs were acquired through a dividend reinvestment program. This transaction is an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026.
• Transaction type and price: Grant/acquisition (A) of 5,207 deferred share units at $0.00. Reported total value: $0.
• Additional units: 2,251.93 DSUs acquired via dividend reinvestment since the last Form 4 (footnote F2).
• Vesting/payability (footnote F1): DSUs vest and restrictions lapse on February 15, 2027 (subject to accelerated vesting in certain cases such as death or certain involuntary terminations) and become payable in common shares upon termination of director service.
• Shares owned after the transaction: not specified in the summary provided.

Context
Deferred share units are a form of equity compensation for directors that convert to common shares (or pay out in shares) at a future date or upon leaving the board. This grant represents deferred compensation rather than an immediate economic purchase or sale and should be viewed as compensation-related rather than a direct signal of trading intent.