THOMAS REDDIN - 20 Feb 2025 Form 4 Insider Report for TANGER INC. (SKT)

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	Limited Partnership Units exchangeable for Common Stock	Award	$0	+5,060		$0.000000	5,060	20 Feb 2025	Common Stock	5,060		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Reflects an award of Basic LTIP Units of Tanger Properties Limited Partnership, which, if and as they become vested, are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the Basic LTIP Units for federal income tax purposes, 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.
F2	Reflects an award of Basic LTIP Units, issued in lieu of an award of restricted common shares. These Basic LTIP Units are scheduled to vest on February 15, 2026 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations).
F3	Includes 5,060 Basic LTIP Units subject to time-based vesting.