Form 4: STAG Industrial Director Benjamin Butcher Converts and Sells Shares on August 1, 2024

Director Benjamin Butcher converted LTIP units into OP Units and then redeemed them for STAG Industrial common stock, subsequently selling 34,000 shares at an average price of $40.7832.

Summary

• On August 1, 2024, Benjamin Butcher, a director of STAG Industrial, Inc., converted 34,000 LTIP units into OP Units.
• These OP Units were then redeemed for 34,000 shares of STAG Industrial's common stock.
• Concurrently, Butcher sold 34,000 shares of common stock at a weighted average price of $40.7832, with prices ranging from $40.75 to $40.95.
• Following these transactions, Butcher directly owns 8,758 shares of STAG Industrial common stock.
• Butcher also holds 629,458 LTIP Units and 52,640 OP Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the director's rationale.

Key Dates