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

Jaclyn Paul, Chief Accounting Officer of STAG Industrial, received 8,359 Long-Term Incentive Plan (LTIP) units on January 7, 2025, as part of the company's equity incentive plan.

Summary

• Jaclyn Paul, the Chief Accounting Officer of STAG Industrial, received a grant of 3,836 Long-Term Incentive Plan (LTIP) units on January 7, 2025.
• These LTIP units vest quarterly over a four-year period.
• Additionally, 4,523 LTIP units were granted to Jaclyn Paul on the same date, earned based on a performance unit award from January 2022.
• These performance-based LTIP units are fully vested as of the issuance date.
• The total number of LTIP units received is 8,359.
• LTIP units can eventually be converted into common stock or cash.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally positive for aligning management with shareholder interests. There are no negative implications.

Positives

• The grant of LTIP units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule of some LTIP units encourages continued service and contribution from the executive.
• The performance-based LTIP units reward the executive for achieving specific performance goals.

Industry Context

The granting of LTIP units is a common practice in the real estate investment trust (REIT) industry to incentivize and retain key executives.

Comparison to Industry Standards

• Many REITs use LTIP units as part of their executive compensation packages, similar to STAG Industrial.
• The vesting schedules and performance-based components are also common features in the industry.
• Companies like Prologis and Equinix also use similar equity-based compensation plans to align executive interests with shareholder value.

Stakeholder Impact

• The LTIP grants align management's interests with shareholders, potentially leading to better long-term performance.
• The vesting schedule may encourage the executive to remain with the company, providing stability.

Key Dates

Keywords

LTIP Units, Equity Incentive Plan, STAG Industrial, Executive Compensation, Performance Units, Vesting, Chief Accounting Officer