Form 4: STAG Industrial CFO Receives Long-Term Incentive Plan Units

Matts Pinard, EVP, CFO and Treasurer of STAG Industrial, Inc., was granted long-term incentive plan units (LTIP Units) on January 7, 2025, as part of the company's equity incentive plan.

Summary

• Matts Pinard, the EVP, CFO, and Treasurer of STAG Industrial, Inc., received two grants of Long-Term Incentive Plan Units (LTIP Units) on January 7, 2025.
• The first grant was for 12,786 LTIP Units, which vest quarterly over four years.
• The second grant was for 14,872 LTIP Units, which were fully vested upon issuance and earned based on a performance unit award from January 2022.
• These LTIP Units can eventually be converted into common units of the Operating Partnership and then redeemed for cash or shares of STAG Industrial's common stock.
• The total number of LTIP Units owned by Mr. Pinard after these transactions is 80,352.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The granting of LTIP Units aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule of the first grant encourages long-term commitment from the CFO.
• The performance-based grant of the second tranche of LTIP Units rewards the CFO for achieving performance targets.

Industry Context

This type of equity-based compensation is common practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Granting LTIP units is a standard practice among publicly traded REITs like STAG Industrial to align executive compensation with long-term shareholder value.
• Companies such as Prologis and Duke Realty also use similar equity-based compensation plans for their executives.
• The vesting schedule and performance-based components are also typical in the industry.

Stakeholder Impact

• The granting of LTIP Units aligns the CFO's interests with the long-term performance of the company, which is beneficial for shareholders.
• The vesting schedule encourages long-term commitment from the CFO, which is positive for the company's stability.

Key Dates

Keywords

LTIP Units, STAG Industrial, Equity Incentive Plan, Matts Pinard, CFO, Incentive Compensation, Performance Units, Executive Compensation