Form 4: STAG Industrial Director Acquires 3,812 LTIP Units

Director Francis X Jacoby III reports acquisition of 3,812 Long-Term Incentive Plan (LTIP) Units in STAG Industrial Operating Partnership.

Summary

• On January 7, 2025, Francis X Jacoby III, a director of STAG Industrial, Inc., acquired 3,812 Long-Term Incentive Plan (LTIP) Units of STAG Industrial Operating Partnership.
• These LTIP Units were granted pursuant to the Issuer's 2011 Equity Incentive Plan, as amended, and vest quarterly over a one-year period.
• The director directly owns 55,576 shares of Common Stock, par value $0.01 per share.
• The LTIP Units can achieve full parity with common units of limited partnership of the Operating Partnership (OP Units) over time.
• Non-forfeitable LTIP Units may be converted into OP Units and then redeemed for cash or shares of STAG Industrial's common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The acquisition of LTIP units by a director signals confidence in the company's long-term performance.

Future Outlook

The LTIP Units vest over a one-year period, suggesting a continued alignment of the director's interests with the company's performance over that timeframe.

Industry Context

Director ownership and equity incentives are common practices in the real estate industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded REITs like STAG Industrial.
• Companies such as Prologis and Duke Realty also utilize LTIPs and stock options to incentivize their executives and directors.
• The vesting schedule of one year is fairly standard, aligning with typical performance evaluation cycles.

Stakeholder Impact

• The acquisition of LTIP units by a director can positively influence shareholder confidence.

Key Dates