SKT

SEC source: 0000899715-20-000111 · wf-form4_158957775163753.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 75,308.1

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-20-000090 · wf-form4_158689947183633.xml · derivative · entry 4

Yalof Stephen · CIK 0001809284 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 205,480

Underlying: Common Stock · 205,480 shares

Expires not disclosed

F3 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F3 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F5 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F3 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F5 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000090 · wf-form4_158689947183633.xml · derivative · entry 3

Yalof Stephen · CIK 0001809284 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,000,000

Underlying: Common Stock · 1,000,000 shares

Expires 2030-04-10

F2 · derivative.exercise_date: Represents a grant of non-qualified share options. The options vest and the restrictions cease to apply on one-fourth of the award on each December 31st over a four-year period beginning December 31, 2020.

SEC source: 0000899715-20-000090 · wf-form4_158689947183633.xml · nonDerivative · entry 2

Yalof Stephen · CIK 0001809284 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 389,308

F1 · shares: Represents a grant of restricted common shares. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each April 10th over a three-year period beginning April 10, 2021.

SEC source: 0000899715-20-000090 · wf-form4_158689947183633.xml · nonDerivative · entry 1

Yalof Stephen · CIK 0001809284 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 249,447

F1 · shares: Represents a grant of restricted common shares. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each April 10th over a three-year period beginning April 10, 2021.

SEC source: 0000899715-20-000076 · wf-form4_158413202094398.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,574

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $8.95 to $8.99.

SEC source: 0000899715-20-000074 · wf-form4_158258754527379.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,310

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $12.541 to $12.586.

SEC source: 0000899715-20-000071 · wf-form4_158223356862727.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,074

SEC source: 0000899715-20-000070 · wf-form4_158223354143059.xml · nonDerivative · entry 1

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,268

SEC source: 0000899715-20-000069 · wf-form4_158223351718969.xml · nonDerivative · entry 1

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,422

SEC source: 0000899715-20-000068 · wf-form4_158223349805412.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,140

SEC source: 0000899715-20-000067 · wf-form4_158223347875325.xml · nonDerivative · entry 1

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 105,896

SEC source: 0000899715-20-000066 · wf-form4_158223345943992.xml · nonDerivative · entry 1

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,522

SEC source: 0000899715-20-000065 · wf-form4_158223343861789.xml · nonDerivative · entry 1

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,304

SEC source: 0000899715-20-000046 · wf-form4_158206246059837.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,724.39

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-20-000043 · wf-form4_158164341750369.xml · derivative · entry 2

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,268

Underlying: Common Stock · 22,268 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000043 · wf-form4_158164341750369.xml · nonDerivative · entry 1

Worsham Charles Allen · CIK 0001609003 · SVP,Construction & Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,686

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000040 · wf-form4_158164334494630.xml · derivative · entry 2

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,268

Underlying: Common Stock · 22,268 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000040 · wf-form4_158164334494630.xml · nonDerivative · entry 1

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,073

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000042 · wf-form4_158164339696127.xml · derivative · entry 2

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,590

Underlying: Common Stock · 59,590 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000042 · wf-form4_158164339696127.xml · nonDerivative · entry 1

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,398

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000039 · wf-form4_158164332284080.xml · nonDerivative · entry 1

Ubinas Luis A · CIK 0001505343 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,000

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units vest and the restrictions cease to apply on one-third of the award on each January 4th over a three year period, beginning on January 4, 2021, and become payable in common shares upon termination of his service as Director.

SEC source: 0000899715-20-000038 · wf-form4_158164329023045.xml · derivative · entry 3

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,404

Underlying: Common Stock · 300,404 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000038 · wf-form4_158164329023045.xml · nonDerivative · entry 1

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,310,415

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000036 · wf-form4_158164324398424.xml · derivative · entry 2

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,268

Underlying: Common Stock · 22,268 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000036 · wf-form4_158164324398424.xml · nonDerivative · entry 1

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,761

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000035 · wf-form4_158164322101042.xml · nonDerivative · entry 1

SKERRITT SUSAN E · CIK 0001748654 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,457.66

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units vest and the restrictions cease to apply on one-third of the award on each January 4th over a three year period, beginning on January 4, 2021, and become payable in common shares on March 31, 2027.

SEC source: 0000899715-20-000034 · wf-form4_158164319876831.xml · nonDerivative · entry 1

RYAN BERMAN BRIDGET · CIK 0001366740 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 70,996

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each January 4th over a three year period beginning January 4, 2021.

SEC source: 0000899715-20-000033 · wf-form4_158164317721638.xml · nonDerivative · entry 1

REDDIN THOMAS · CIK 0001107092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,424

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each January 4th over a three year period beginning January 4, 2021.

SEC source: 0000899715-20-000032 · wf-form4_158164315652227.xml · derivative · entry 2

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,274

Underlying: Common Stock · 83,274 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000032 · wf-form4_158164315652227.xml · nonDerivative · entry 1

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 118,570

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000031 · wf-form4_158164313300764.xml · derivative · entry 2

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,800

Underlying: Common Stock · 33,800 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000031 · wf-form4_158164313300764.xml · nonDerivative · entry 1

MORRISON LISA J · CIK 0001218076 · Executive VP Leasing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,913

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000029 · wf-form4_158164308396349.xml · derivative · entry 2

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,118

Underlying: Common Stock · 14,118 shares

Expires not disclosed

F2 · security: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · security: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F2 · derivative.exercise_price: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F3 · derivative.exercise_price: With respect to 33.30% of the performance shares, 20% of this portion of the award will be earned if the Company's aggregate TSR equals 36.8% over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's aggregate TSR equals 44.3%, and 100% of this portion of the award will be earned if the Company's aggregate TSR equals or exceeds 52.1%. With respect to the other 66.70% of the performance shares, 20% of this portion of the award will be earned if the Company's TSR is in the 30th percentile of its peer group over the 3-year measurement period, 60% of this portion of the award will be earned if the Company's TSR is in the 55th percentile of its peer group during this period, and 100% of this portion of the award will be earned if the Company's TSR is in the 80th percentile of its peer group or greater during this period. The performance shares will convert on a pro-rata basis by linear interpolation between share price appreciation thresholds.

F4 · derivative.exercise_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

F2 · derivative.expiration_date: Represents a grant of performance shares which may convert into an equivalent number of restricted common shares of the Company based on the Company's share price appreciation inclusive of all dividends (TSR), and its TSR relative to a selected group, over the three-year measurement period from February 11, 2020 through February 10, 2023.

F4 · derivative.expiration_date: Any restricted common shares earned on February 10, 2023 are subject to a time based vesting schedule. 50% of the shares will vest on February 15, 2023 and the remaining 50% will vest on February 15, 2024, contingent upon continued employment with the Company through the vesting dates.

SEC source: 0000899715-20-000029 · wf-form4_158164308396349.xml · nonDerivative · entry 1

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,939

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each February 15th over a three year period beginning February 15, 2021.

SEC source: 0000899715-20-000030 · wf-form4_158164310574351.xml · nonDerivative · entry 1

HENRY DAVID · CIK 0001250823 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,400

F1 · shares: Represents a grant of restricted common shares under the Company's Amended and Restated Incentive Award Plan. The restricted common shares vest and the restrictions cease to apply on one-third of the award on each January 4th over a three year period beginning January 4, 2021.

SEC source: 0000899715-20-000028 · wf-form4_158164306214042.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,705.68

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units vest and the restrictions cease to apply on one-third of the award on each January 4th over a three year period, beginning on January 4, 2021, and become payable in common shares on January 15, 2024.

SEC source: 0000899715-20-000002 · wf-form4_157800062739936.xml · nonDerivative · entry 1

McDonough Thomas E. · CIK 0001408616 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 159,652

SEC source: 0000899715-20-000037 · wf-form5_158164326737768.xml · derivative · entry 1

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Tango 7 LLC

Disclosed balance after: 2,716,808

Underlying: Common Stock · 49,511 shares

Expires not disclosed

F1 · security: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F1 · derivative.exercise_date: Each limited partnership unit is immediately exchangeable into one common share of Tanger Factory Outlet Centers, Inc.

F2 · derivative.expiration_date: The limited partnership units have no expiration date.

SEC source: 0000899715-19-000148 · wf-form4_157411153747873.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,705.68

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-19-000135 · wf-form4_156642125318235.xml · nonDerivative · entry 1

HENRY DAVID · CIK 0001250823 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,400

F1 · price: Represents the weighted average share purchase price of multiple transactions ranging from $14.40 to $14.41. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

SEC source: 0000899715-19-000133 · wf-form4_156633418530253.xml · nonDerivative · entry 1

TANGER STEVEN B · CIK 0001216940 · Director · CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,188,888

F1 · price: Represents the weighted average share purchase price of multiple transactions ranging from $14.46 to $14.48. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

SEC source: 0000899715-19-000132 · wf-form4_156633416486623.xml · nonDerivative · entry 1

REDDIN THOMAS · CIK 0001107092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,424

SEC source: 0000899715-19-000129 · wf-form4_156624617517378.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,308.97

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-19-000096 · wf-form4_155907597278762.xml · nonDerivative · entry 1

WARREN CARRIE A · CIK 0001218086 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,623

F1 · price: Represents the weighted average share price of multiple transactions ranging from $18.060 to $18.065.

SEC source: 0000899715-19-000090 · wf-form4_155804133949405.xml · nonDerivative · entry 2

Perry Chad · CIK 0001537306 · EVP,General Counsel,Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 89,096

F1 · price: Represents the weighted average sales price of multiple transactions ranging from $18.64 to $18.65.

SEC source: 0000899715-19-000089 · wf-form4_155804130619158.xml · nonDerivative · entry 1

Guerrieri Thomas Joseph JR · CIK 0001705861 · VP, CAO and Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,778

SEC source: 0000899715-19-000086 · wf-form4_155795208008890.xml · nonDerivative · entry 1

CITRIN JEFFREY B · CIK 0001019975 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,751.75

F1 · shares: Represents deferred share units issued pursuant to the Director Deferred Share Program of Tanger Factory Outlet Centers, Inc. and Tanger Properties Limited Partnership. Each deferred share unit is equivalent to one common share. The deferred share units become payable in common shares on January 15, 2024.

SEC source: 0000899715-19-000084 · wf-form4_155786511452568.xml · nonDerivative · entry 2

SUMMERELL VIRGINIA R · CIK 0001218084 · Senior VP, Treasurer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Family Trust

Disclosed balance after: 0

F2 · price: Represents the weighted average sales price of multiple transactions ranging from $18.281 to $18.235.

F3 · ownership.nature: On February 20, 2019 the reporting person was appointed trustee of a family trust of which the reporting person and members of her immediate family are among the beneficiaries. Following this transaction, the trust did not own any SKT common shares.

SEC source: 0000899715-20-000041 · wf-form5_158164337198690.xml · nonDerivative · entry 1

Williams James Floyd · CIK 0001288851 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,307