Stein Justin C 4
4 · TANGER INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Tanger (SKT) EVP Justin Stein Receives LTIP Award; Forfeits 10,036 Shares
What Happened
Justin C. Stein, EVP & Chief Revenue Officer of Tanger Inc. (SKT), was granted 10,712 Basic LTIP Units (derivative award) on 2026-02-13 and on 2026-02-17 had 19,349 restricted shares vest. To satisfy tax withholding, 10,036 of those vested shares were forfeited (disposed) at $33.82 per share, totaling $339,418. The LTIP Units were reported as acquired at $0 (derivative award).
Key Details
- Transactions reported: 2026-02-13 (grant/award of 10,712 Basic LTIP Units, code A) and 2026-02-17 (forfeiture/tax withholding of 10,036 shares, code F).
- Withholding sale: 10,036 shares × $33.82 = $339,418 withheld to cover taxes.
- Vested on 2026-02-17: 19,349 restricted shares (10,036 withheld for taxes).
- Shares owned after transaction: not specified in this Form 4.
- Filing date: Form 4 filed 2026-02-18 (covers transactions on 2/13 and 2/17); no late-filing flag noted in the data provided.
Context
- The 10,712 Basic LTIP Units are derivative awards that, subject to vesting and certain tax conditions, automatically convert into non-voting Class C Common Units, which may be exchanged one-for-one for Tanger Inc. common shares (see footnotes). These LTIP Units are intended to qualify as profits interests for U.S. tax purposes and have scheduled vesting provisions (see filing footnote).
- The forfeiture of 10,036 shares was a routine tax-withholding action tied to the vesting of restricted shares, not an open-market sale for cash. This type of withholding is common and does not necessarily signal insider sentiment.
Insider Transaction Report
Form 4
TANGER INC.SKT
Stein Justin C
EVP, Chief Revenue Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-17$33.82/sh−10,036$339,418→ 48,189 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, 19,349 restricted shares vested, with 10,036 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 Mr. Stein|2026-02-18