Form 4: Tanger Inc. Director Luis A. Ubinas Reports Acquisition of Deferred Share Units

Director Luis A. Ubinas reports the acquisition of deferred share units in Tanger Inc. through a director program and dividend reinvestment.

Summary

• On February 20, 2025, Luis A. Ubinas, a director of Tanger Inc., acquired 5,060 deferred share units under the Director Deferred Share Program.
• These units are equivalent to common shares and were acquired at a price of $0.
• The deferred share units vest on February 15, 2026, and become payable in common shares upon termination of service as a director.
• Additionally, 1,948.82 deferred share units were acquired through a dividend reinvestment program since the last Form 4 filing.
• Following these transactions, Ubinas beneficially owns 61,731.33 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and continued investment in the company.

Positives

• The acquisition of deferred share units by a director signals confidence in the company's future performance.
• Dividend reinvestment indicates a long-term investment strategy by the director.

Future Outlook

The deferred share units will vest on February 15, 2026, and become payable in common shares upon termination of service as a director.

Industry Context

Director share acquisitions are common in publicly traded companies as part of executive compensation packages, aligning management interests with shareholder value.

Comparison to Industry Standards

• Director compensation packages often include deferred share units or restricted stock to incentivize long-term performance.
• Dividend reinvestment programs are a standard method for increasing share ownership among executives and directors.
• The vesting period of the deferred share units is typical for such compensation arrangements.

Related Party Transactions

• The acquisition of deferred share units under the Director Deferred Share Program is a related party transaction.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.
• The director's investment aligns their interests with those of the shareholders.

Key Dates

Keywords

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