0001415889-23-003412.txt : 20230227
0001415889-23-003412.hdr.sgml : 20230227
20230227183650
ACCESSION NUMBER: 0001415889-23-003412
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230223
FILED AS OF DATE: 20230227
DATE AS OF CHANGE: 20230227
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COLBERT VIRGIS
CENTRAL INDEX KEY: 0001189309
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34907
FILM NUMBER: 23677307
MAIL ADDRESS:
STREET 1: 5725 DELPHI DRIVE
CITY: TROY
STATE: MI
ZIP: 48098
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: STAG Industrial, Inc.
CENTRAL INDEX KEY: 0001479094
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 273099608
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE FEDERAL STREET
STREET 2: 23RD FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: (617)574-4777
MAIL ADDRESS:
STREET 1: ONE FEDERAL STREET
STREET 2: 23RD FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
FORMER COMPANY:
FORMER CONFORMED NAME: STAG Industrial REIT, Inc.
DATE OF NAME CHANGE: 20091218
4
1
form4-02272023_110239.xml
X0306
4
2023-02-23
0001479094
STAG Industrial, Inc.
STAG
0001189309
COLBERT VIRGIS
C/O STAG INDUSTRIAL, INC.
ONE FEDERAL STREET, 23RD FLOOR
BOSTON
MA
02110
true
false
false
false
Common Stock
2023-02-23
4
C
0
23911
A
40928
D
LTIP Units
2023-02-23
4
C
0
23911
D
Common Stock, par value $0.01 per share
23911
9469
D
Partnership Units
2023-02-23
4
C
0
23911
A
Common Stock, par value $0.01 per share
23911
23911
D
Partnership Units
2023-02-23
4
C
0
23911
D
Common Stock, par value $0.01 per share
23911
0
D
The reporting person converted 23,911 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 23,911 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 23,911 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.
Represents LTIP Units granted to the reporting person pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. 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.
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.
/s/ Jeffrey M. Sullivan, Attorney-in-Fact
2023-02-27