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Filing Details

Accession Number:: 0001415889-23-013311
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-15 18:34:46
Reporting Period:: 2023-09-13

Accepted Time:: 2023-09-15 18:34:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1479094	Stag Industrial Inc.	STAG	Real Estate Investment Trusts (6798)	273099608

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1517406	S Benjamin Butcher	C/O Stag Industrial, Inc. One Federal Street, 23Rd Floor Boston MA 02110		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-09-13	35,000	$0.00	42,088	No	4	C	Direct
Common Stock	Disposition	2023-09-13	3,150	$36.45	38,938	No	4	S	Direct
Common Stock	Disposition	2023-09-14	31,850	$36.71	7,088	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01 Per Share	LTIP Units	Disposition	2023-09-13	35,000	$0.00	35,000	$0.00
Common Stock, Par Value $0.01 Per Share	Partnership Units	Acquisiton	2023-09-13	35,000	$0.00	35,000	$0.00
Common Stock, Par Value $0.01 Per Share	Partnership Units	Disposition	2023-09-13	35,000	$0.00	35,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
805,215	No	4	C	Direct
44,320	No	4	C	Direct
9,320	No	4	C	Direct

Footnotes

On September 13, 2023, the reporting person converted a total of 35,000 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 35,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 35,000 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.
This represents the weighted average sales price. On September 13, 2023, sales prices ranged from $36.44 to $36.46. On September 14, 2023, sales prices ranged from $36.41 to $36.88. Upon request by the Securities and Exchange Commission, 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.
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.