Michael J. Bilerman - 29 Nov 2022 Form 4 Insider Report for TANGER FACTORY OUTLET CENTERS, INC (SKT)

Role
Title - Executive Vice President, Chief Financial Officer and Chief Investment Officer
Signature
/s/ Eric Richardson, attorney-in-fact for Mr. Bilerman.
Issuer symbol
SKT
Transactions as of
29 Nov 2022
Net transactions value
$0
Form type
4
Filing time
01 Dec 2022, 16:43:25 UTC
Next filing
16 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKT Common Stock Award $0 +129,066 $0.000000 129,066 29 Nov 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKT Non-qualified Stock Option (Right to Buy) Award $0 +250,000 $0.000000 250,000 29 Nov 2022 Common Stock 250,000 $19.37 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted common shares. The restricted common shares vest and the restrictions cease to apply on 50% of the award on November 29, 2024, 25% of the award on November 29, 2025 and 25% of the award on November 29, 2026.
F2 Represents a grant of non-qualified share options. The options vest and the restrictions cease to apply on 60% of the award on November 29, 2025, 20% of the award on November 29, 2026 and 20% of the award on November 29, 2027.

Remarks:

Title - Executive Vice President, Chief Financial Officer and Chief Investment Officer