REDDIN THOMAS bought SKT
February 20, 2025 · Form 4 insider transaction
REDDIN THOMAS bought 5,060 shares of Tanger Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
Reflects an award of Basic LTIP Units of Tanger Properties Limited Partnership, which, if and as they become vested, are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the Basic LTIP Units for federal income tax purposes, into non-voting Class C Common Units. Class C Common Units may be exchanged by the reporting person for Tanger Inc. common shares on a one-for-one basis. Basic LTIP Units are intended to qualify as profits interests for US federal income tax purposes.; Reflects an award of Basic LTIP Units, issued in lieu of an award of restricted common shares. These Basic LTIP Units are scheduled to vest on February 15, 2026 (subject to accelerated vesting in certain cases, such as death and certain involuntary terminations).; Includes 5,060 Basic LTIP Units subject to time-based vesting.