Form 4: STAG Industrial Director Hans Weger Awarded 3,812 LTIP Units

Director Hans Weger received 3,812 Long-Term Incentive Plan (LTIP) units from STAG Industrial, vesting quarterly over one year.

Summary

• Hans Weger, a director of STAG Industrial, Inc., was granted 3,812 Long-Term Incentive Plan (LTIP) units on January 7, 2025.
• These LTIP units vest quarterly over a one-year period.
• The LTIP units were granted pursuant to the Issuer's 2011 Equity Incentive Plan, as amended.
• The director also beneficially owns 55,576 shares of STAG Industrial common stock.
• The LTIP units can achieve full parity with common units of limited partnership of the Operating Partnership ('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.

Sentiment

Score: 7

Explanation: The document indicates standard compensation practices. The sentiment is neutral to slightly positive as it aligns director interests with company performance.

Positives

• The granting of LTIP units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the director.

Future Outlook

The LTIP units provide a long-term incentive for the director, potentially influencing future performance.

Industry Context

Granting LTIP units to directors is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) like Prologis (PLD) and Duke Realty (DRE) (now acquired by Prologis) use LTIPs as part of their executive compensation packages.
• The vesting schedule of one year is relatively standard; some companies may use longer vesting periods (e.g., three years) to further incentivize long-term commitment.

Stakeholder Impact

• Shareholders may view the granting of LTIP units positively as it aligns the director's interests with the company's long-term success.

Key Dates