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 reinvestment.

Summary

• On May 15, 2024, Jeffrey B. Citrin, a director of Tanger Inc., acquired 605.33 common stock shares through the Director Deferred Share Program at a price of $28.91 per share.
• These deferred share units are equivalent to common shares and will be payable upon termination of his service as a director.
• Additionally, 68.38 deferred share units were acquired through a dividend reinvestment program since the last Form 4 filing.
• Following these transactions, Citrin's total beneficial ownership in Tanger Inc. amounts to 146,331.19 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's part of a pre-existing program and dividend reinvestment, so it's not a strong signal.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Industry Context

Director share acquisitions are common and can be seen as a positive sign, reflecting the director's belief in the company's future performance. However, it's essential to consider the overall context of the company's performance and industry trends.

Stakeholder Impact

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

Key Dates