Form 4: Tanger Inc. Director Jeffrey B. Citrin Acquires Additional Shares Through Deferred Share Program

Director Jeffrey B. Citrin increased his holdings in Tanger Inc. through the acquisition of deferred share units and dividend reinvestments.

Summary

• On August 15, 2024, Jeffrey B. Citrin, a director of Tanger Inc., acquired 634.52 shares of common stock at a price of $27.58 per share.
• These shares were obtained through the Director Deferred Share Program.
• Additionally, 78.39 deferred share units were acquired through a dividend reinvestment program since the last Form 4 filing.
• Following these transactions, Citrin's total beneficial ownership amounts to 147,044.1 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's increased stake suggests confidence, but it's a routine transaction.

Positives

• The director's participation in the Deferred Share Program and dividend reinvestment indicates confidence in the company's future performance.

Future Outlook

The deferred share units become payable in common shares upon termination of his service as a director.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Acquisitions by directors are generally viewed positively.

Stakeholder Impact

• The increased holdings by a director could positively influence investor sentiment.

Key Dates