InsiderTrades

Form 4 for STAG STAG Industrial, Inc.

Accepted 2024-09-13 00:00:00 ET · period of report 2024-09-12 · accession 0001415889-24-023358 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
D 2024-09-13 2024-09-12 STAG Butcher Benjamin S Dir C - Cnv Deriv — +50.0K 58.8K +571% —
D 2024-09-13 2024-09-12 STAG Butcher Benjamin S Dir S - Sale $39.23 -50.0K 8,758 -85% -$1.96M
DM 2024-09-13 2024-09-12 STAG Butcher Benjamin S Dir C - Cnv Deriv — -50.0K 9,320 -84% —
D 2024-09-13 2024-01-08 STAG Butcher Benjamin S Dir A - Grant — +116.0K 745.5K +18% —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2024-09-12 C A 50,000 — 58,758 D — — (F1) On September 12, 2024, the reporting person converted a total of 50,000 long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, into 50,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 50,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.
2 Common Common Stock 2024-09-12 S D 50,000 $39.23 8,758 D — — (F2) This represents the weighted average sales price. On September 12, 2024, sales prices ranged from $39.10 to $39.35. Upon request by the Securities and Exchange Commission (the "SEC"), the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
3 Derivative LTIP Units 2024-09-12 C D 50,000 — 695,482 D — · — to — 50,000 Common Stock, par value $0.01 per share (F4) Represents LTIP Units granted to the reporting person pursuant to the Equity Incentive Plan. Over time, the LTIP Units can achieve full parity with OP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units may be converted into OP Units and then may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. LTIP Units do not have an expiration date. (F1) On September 12, 2024, the reporting person converted a total of 50,000 long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, into 50,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 50,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.
4 Derivative Partnership Units 2024-09-12 C A 50,000 — 59,320 D — · — to — 50,000 Common Stock, par value $0.01 per share (F6) Represents OP Units in the Operating Partnership. OP Units may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The OP Units are vested as of the date of issuance and have no expiration date. (F1) On September 12, 2024, the reporting person converted a total of 50,000 long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, into 50,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 50,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.
5 Derivative LTIP Units 2024-01-08 A A 116,024 — 745,482 D — · — to — 116,024 Common Stock, par value $0.01 per share (F3) The LTIP Units were granted to the reporting person by the Board of Directors of the Issuer (the "Board"). The LTIP Units were earned by the reporting person based on a performance unit award made in January 2021 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan"). The reporting person earned 216.2% of the target number of performance units over a three-year performance period. The Compensation Committee of the Board determined the number of LTIP Units earned on January 8, 2024. All of the LTIP Units are fully vested as of the issuance date. For more information on the terms of the performance unit award, please see the Issuer's definitive proxy statement filed with the SEC. (F5) Represents the total number of LTIP Units earned as of December 31, 2023 under the performance unit award made in January 2021 and LTIP Units received in lieu of dividends paid on the earned LTIP Unit. (F4) Represents LTIP Units granted to the reporting person pursuant to the Equity Incentive Plan. Over time, the LTIP Units can achieve full parity with OP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units may be converted into OP Units and then may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. LTIP Units do not have an expiration date.
6 Derivative Partnership Units 2024-09-12 C D 50,000 — 9,320 D — · — to — 50,000 Common Stock, par value $0.01 per share (F6) Represents OP Units in the Operating Partnership. OP Units may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The OP Units are vested as of the date of issuance and have no expiration date. (F1) On September 12, 2024, the reporting person converted a total of 50,000 long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, into 50,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 50,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.