4//SEC Filing
Paul Jaclyn 4
Accession 0001179110-21-000516
CIK 0001479094other
Filed
Jan 10, 7:00 PM ET
Accepted
Jan 11, 7:16 PM ET
Size
9.6 KB
Accession
0001179110-21-000516
Insider Transaction Report
Form 4
Paul Jaclyn
CHIEF ACCOUNTING OFFICER
Transactions
- Award
LTIP Units
2021-01-07+5,785→ 17,276 total→ Common Stock, par value $0.01 per share (5,785 underlying) - Award
LTIP Units
2021-01-07+4,999→ 11,491 total→ Common Stock, par value $0.01 per share (4,999 underlying)
Footnotes (4)
- [F1]The long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, were granted to the reporting person on January 7, 2021 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan"). The LTIP Units vest on a quarterly basis over a four-year period.
- [F2]Represents LTIP Units granted to the reporting person pursuant to the Equity Incentive Plan. Over time, 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.
- [F3]The LTIP Units were granted to the reporting person by the Board of Directors of the Issuer (the "Board"). The LTIP Units were earned by the reporting person based on a performance unit award made in January 2018 pursuant to the Equity Incentive Plan. The reporting person earned 140% of the target number of performance units over a three-year performance period. The Compensation Committee of the Board determined the number of LTIP Units earned on January 7, 2021. 3,302 LTIP Units are fully vested as of the issuance date, and 2,483 LTIP Units are subject to forfeiture until December 31, 2021. For more information on the terms of the performance unit award, please see the Issuer's definitive proxy statement filed with the SEC.
- [F4]Represents the number of LTIP Units earned as of December 31, 2020 under the performance unit award made in January 2018.
Documents
Issuer
STAG Industrial, Inc.
CIK 0001479094
Entity typeother
Related Parties
1- filerCIK 0001803985
Filing Metadata
- Form type
- 4
- Filed
- Jan 10, 7:00 PM ET
- Accepted
- Jan 11, 7:16 PM ET
- Size
- 9.6 KB