Form 4: Tanger Inc. Director Bridget Ryan Berman Receives Stock Grant

Director Bridget Ryan Berman received a grant of 5,060 restricted common shares of Tanger Inc. on February 20, 2025.

Summary

• Bridget Ryan Berman, a director of Tanger Inc., reported a transaction on February 20, 2025, involving the acquisition of 5,060 shares of common stock.
• These shares were granted as restricted common shares under Tanger Inc.'s Amended and Restated Incentive Award Plan.
• Following the transaction, Ms. Berman beneficially owns 101,984 shares of Tanger Inc.
• The restricted common shares vest on February 15, 2026, with potential for accelerated vesting under certain circumstances.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice that aligns director interests with shareholder value. There are no immediate negative implications.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The vesting of the restricted stock on February 15, 2026, is contingent on continued service, aligning the director's interests with the company's future performance.

Industry Context

Stock grants are a common form of executive compensation in publicly traded companies, particularly for directors, to incentivize performance and align their interests with shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of director compensation packages in the real estate investment trust (REIT) sector, similar to companies like Simon Property Group (SPG) and Macerich (MAC).
• The vesting period of approximately one year is fairly standard for restricted stock grants to directors.
• The size of the grant, 5,060 shares, would need to be compared to the overall compensation package and the company's market capitalization to determine if it is in line with industry norms.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Tanger Inc., Director, Stock Grant, Beneficial Ownership, Restricted Stock, SKT, Incentive Award Plan, Vesting