Form 4: Tanger Inc. Director Jeffrey B. Citrin Reports Acquisition of Deferred Share Units

Director Jeffrey B. Citrin reports the acquisition of deferred share units in Tanger Inc. through a director program and dividend reinvestment.

Summary

• On February 14, 2025, Jeffrey B. Citrin, a director of Tanger Inc., acquired 507.1 deferred share units at a price of $34.51 each.
• These units were issued under the Director Deferred Share Program of Tanger Inc. and Tanger Properties Limited Partnership.
• Each deferred share unit is equivalent to one common share and becomes payable upon termination of his service as a director.
• Additionally, 72.76 deferred share units were acquired through a dividend reinvestment program since the last Form 4 filing.
• Following these transactions, Mr. Citrin beneficially owns 148,179.74 shares of Tanger Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction by a director, indicating continued investment in the company, but it doesn't represent a major event that would significantly impact the company's outlook.

Positives

• The acquisition of deferred share units demonstrates the director's continued investment in the company.
• The dividend reinvestment program further increases his stake in Tanger Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings help investors understand the buying and selling activity of those with privileged information about the company's prospects.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders, signaling confidence in the company's future.

Key Dates

Keywords

Tanger Inc., Director, Deferred Share Units, Dividend Reinvestment, Beneficial Ownership, Form 4, SKT