0001415889-23-000974.txt : 20230113
0001415889-23-000974.hdr.sgml : 20230113
20230113164518
ACCESSION NUMBER: 0001415889-23-000974
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230111
FILED AS OF DATE: 20230113
DATE AS OF CHANGE: 20230113
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Butcher Benjamin S
CENTRAL INDEX KEY: 0001517406
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34907
FILM NUMBER: 23529256
MAIL ADDRESS:
STREET 1: ONE FEDERAL STREET
STREET 2: 23RD FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
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
form4-01132023_090107.xml
X0306
4
2023-01-11
0001479094
STAG Industrial, Inc.
STAG
0001517406
Butcher Benjamin S
C/O STAG INDUSTRIAL, INC.
ONE FEDERAL STREET, 23RD FLOOR
BOSTON
MA
02110
true
true
false
false
EXECUTIVE CHAIR
LTIP Units
2023-01-11
4
A
0
38992
A
Common Stock, par value $0.01 per share
38992
853219
D
LTIP Units
2023-01-11
4
A
0
71919
A
Common Stock, par value $0.01 per share
71919
925138
D
The 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, were granted to the reporting person on January 11, 2023 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan"). The LTIP Units vest on a quarterly basis over a four-year period.
Represents LTIP Units granted to the reporting person pursuant to the Equity Incentive Plan. Over time, the LTIP Units can achieve full parity with common units of limited partnership of the Operating Partnership ("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.
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 2020 pursuant to the Equity Incentive Plan. The reporting person earned 129.7% 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 11, 2023. 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.
Represents the total number of LTIP Units earned as of December 31, 2022 under the performance unit award made in January 2020 and LTIP Units received in lieu of dividends paid on the earned LTIP Units.
/s/ Jeffrey M. Sullivan, Attorney-in-Fact
2023-01-13