TANGER INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) None. (b) None. (c) Issuer Purchases of Equity Securities In May 2025, the Board authorized the repurchase of up to $ 200.0 million of the Company’s outstanding common shares, replacing the previously authorized plan to repurchase up to $100.0 million of the Company’s outstanding common shares through May 31, 2025. Repurchases of common shares may be made from time to time through open market, privately-negotiated, structured or derivative transactions (including accelerated share repurchase transactions), or other methods of acquiring shares. The Company intends to structure open market purchases to occur within pricing and volume requirements of Rule 10b-18. The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate the repurchase of its common shares under this authorization. The Company did not repurchase any common shares during the three months ended June 30, 2025. The remaining amount authorized to be repurchased under the program as of June 30, 2025 was approximately $ 200.0 million of common shares. Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may yet be purchased under the plans or programs (in millions) April 1, 2025 to April 30, 2025 — $ — — $ 100.0 May 1, 2025 to May 31, 2025 — — — 200.0 June 1, 2025 to June 30, 2025 — — — 200.0 Total — $ — — $ 200.0 For certain restricted common shares that vested during the three months ended June 30, 2025, we withheld shares with value equivalent up to the employees' obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities. There were no shares withheld upon vesting for the three months ended June 30, 2025. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable. 70