Form 4: Tanger Director Gifts Shares to Charitable Fund

Tanger Inc. Director Bridget Ryan Berman reported gifting 5,900 shares of common stock to a charitable donor-advised fund.

Summary

• Bridget Ryan Berman, a Director of Tanger Inc. (SKT), reported a transaction involving the company's common stock.
• On December 2, 2025, Ms. Berman disposed of 5,900 shares of Common Stock.
• The transaction was a gift to a charitable donor-advised fund.
• Following this transaction, Ms. Berman beneficially owns 96,084 shares of Tanger Inc. Common Stock directly.
• The gift transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-5.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's a disposition of shares, it's for a charitable purpose, which is generally viewed favorably. It does not reflect negatively on the company's operational or financial health.

Positives

• The transaction represents a charitable contribution by a company director, which can be viewed positively from an ESG (Environmental, Social, and Governance) perspective.

Negatives

• The transaction resulted in a reduction of 5,900 shares from the director's direct beneficial ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is an individual insider transaction and does not directly reflect broader industry trends or competitive dynamics. It is a routine disclosure for a director's personal stock activity.

Stakeholder Impact

• Shareholders may view the charitable gift by a director as a positive signal regarding corporate social responsibility, though the direct financial impact is negligible.

Key Dates

Keywords

Tanger Inc., SKT, Bridget Ryan Berman, Director, Insider Transaction, Form 4, Common Stock, Charitable Gift, Beneficial Ownership