Form 4: Virgis Colbert, STAG Industrial Director, Reports Acquisition of LTIP Units

Director Virgis Colbert reports acquiring 3,812 Long-Term Incentive Plan (LTIP) Units in STAG Industrial Operating Partnership on January 7, 2025.

Summary

• On January 7, 2025, Virgis Colbert, a director of STAG Industrial, Inc., acquired 3,812 Long-Term Incentive Plan Units (LTIP Units) of STAG Industrial Operating Partnership, L.P.
• These LTIP Units were granted pursuant to the Issuer's 2011 Equity Incentive Plan, as amended.
• The LTIP Units vest on a quarterly basis over a one-year period.
• Over time, the LTIP Units can achieve full parity with common units of limited partnership of the Operating Partnership (OP Units).
• If 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.
• Following the transaction, Colbert directly owns 16,524 shares of STAG Industrial, Inc. common stock.
• The report was signed by Jeffrey M. Sullivan, Attorney-in-Fact, on January 10, 2025.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing indicating routine executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The LTIP Units vest over a one-year period and can eventually be converted into OP Units, which can then be redeemed for cash or shares of STAG Industrial common stock, indicating a potential future increase in Colbert's holdings.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The acquisition of LTIP units by a director aligns the director's interests with those of the shareholders, as the value of the units is tied to the performance of the company's stock.

Key Dates