TANGER INC. — Director's Dealing 2022

Dec 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TANGER FACTORY OUTLET CENTERS, INC (SKT)
CIK: 0000899715
Period of Report: 2022-11-29

Reporting Person: Bilerman Michael J (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-29	Common Stock	A	129066	—	Acquired	129066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-29	Non-qualified Stock Option (Right to Buy)	$19.37	A	250000	Acquired	2032-11-29	Common Stock (250000.0)	Direct

Footnotes

F1: Represents a grant of restricted common shares. The restricted common shares vest and the restrictions cease to apply on 50% of the award on November 29, 2024, 25% of the award on November 29, 2025 and 25% of the award on November 29, 2026.

F2: Represents a grant of non-qualified share options. The options vest and the restrictions cease to apply on 60% of the award on November 29, 2025, 20% of the award on November 29, 2026 and 20% of the award on November 29, 2027.