Form 4: STAG Industrial Director Granted 3,369 LTIP Units

STAG Industrial Director Christopher P. Marr received a grant of 3,369 Long-Term Incentive Plan Units, vesting quarterly over one year.

Summary

• Christopher P. Marr, a Director of STAG Industrial, Inc., was granted 3,369 Long-Term Incentive Plan Units (LTIP Units) of STAG Industrial Operating Partnership, L.P.
• The grant occurred on January 8, 2026, pursuant to the Issuer's 2011 Equity Incentive Plan, as amended.
• These LTIP Units vest on a quarterly basis over a one-year period.
• Following this transaction, Mr. Marr beneficially owns 51,535 derivative securities.
• LTIP Units can achieve full parity with common units of limited partnership (OP Units) and may be converted into OP Units.
• Converted OP Units can then be redeemed for cash equal to the market value of one share of STAG Industrial's common stock or, at the Issuer's election, for shares of common stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a director, which is a positive for aligning management interests with shareholders but does not indicate significant new operational or financial developments.

Positives

• The grant of LTIP Units aligns the interests of Director Christopher P. Marr with those of shareholders, as the value of the units is tied to the company's common stock performance.
• The vesting schedule over one year encourages long-term commitment and performance from the director.

Future Outlook

The filing indicates future vesting of 3,369 LTIP Units on a quarterly basis over a one-year period, starting from January 8, 2026. These units have the potential to convert into common stock or cash.

Industry Context

The grant of Long-Term Incentive Plan Units (LTIP Units) is a common form of equity compensation in the real estate investment trust (REIT) sector and broader corporate landscape. It is designed to incentivize executives and directors by linking their compensation to the long-term performance of the company's equity. This practice is standard for aligning management interests with shareholder value creation.

Comparison to Industry Standards

• The use of LTIP Units as a form of equity compensation is a standard practice within the REIT industry, similar to how many public companies utilize restricted stock units (RSUs) or stock options.
• This structure is common for aligning the interests of directors and executives with the long-term performance of the company's stock. Specific comparable companies or projects are not detailed in this filing, but the mechanism itself is widely adopted.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with shareholder value, potentially encouraging decisions that benefit long-term stock performance.

Next Steps

• The granted LTIP Units will vest on a quarterly basis over a one-year period.
• Upon vesting and achieving full parity, the LTIP Units may be converted into OP Units and subsequently redeemed for cash or shares of the Issuer's common stock.

Key Dates

Keywords

STAG Industrial, LTIP Units, Insider Transaction, Director Compensation, Equity Incentive Plan, Form 4, STAG, Christopher P. Marr