4//SEC Filing
Crooker William R 4
Accession 0001415889-23-000975
CIK 0001479094other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 4:46 PM ET
Size
9.9 KB
Accession
0001415889-23-000975
Insider Transaction Report
Form 4
Crooker William R
DirectorCEO AND PRESIDENT
Transactions
- Award
LTIP Units
2023-01-11+22,046→ 227,647 total→ Common Stock, par value $0.01 per share (22,046 underlying) - Award
LTIP Units
2023-01-11+30,427→ 258,074 total→ Common Stock, par value $0.01 per share (30,427 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 11, 2023 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 2020 pursuant to the Equity Incentive Plan. The reporting person earned 129.7% 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 11, 2023. All of the LTIP Units are fully vested as of the issuance date. 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 total number of LTIP Units earned as of December 31, 2022 under the performance unit award made in January 2020 and LTIP Units received in lieu of dividends paid on the earned LTIP Units.
Documents
Issuer
STAG Industrial, Inc.
CIK 0001479094
Entity typeother
Related Parties
1- filerCIK 0001606421
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 4:46 PM ET
- Size
- 9.9 KB