Chin Jit Kee 4
4 · STAG Industrial, Inc. · Filed Jan 13, 2023
Insider Transaction Report
Form 4
Chin Jit Kee
Director
Transactions
- Award
LTIP Units
2023-01-11+3,299→ 12,862 total→ Common Stock, par value $0.01 per share (3,299 underlying)
Footnotes (2)
- [F1]The long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership ("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 LTIP Units are subject to forfeiture until December 31, 2023.
- [F2]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.