4//SEC Filing
COLBERT VIRGIS 4
Accession 0001415889-23-003412
CIK 0001479094other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 6:36 PM ET
Size
13.2 KB
Accession
0001415889-23-003412
Insider Transaction Report
Form 4
COLBERT VIRGIS
Director
Transactions
- Conversion
LTIP Units
2023-02-23−23,911→ 9,469 total→ Common Stock, par value $0.01 per share (23,911 underlying) - Conversion
Partnership Units
2023-02-23+23,911→ 23,911 total→ Common Stock, par value $0.01 per share (23,911 underlying) - Conversion
Partnership Units
2023-02-23−23,911→ 0 total→ Common Stock, par value $0.01 per share (23,911 underlying) - Conversion
Common Stock
2023-02-23+23,911→ 40,928 total
Footnotes (3)
- [F1]The reporting person converted 23,911 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, into 23,911 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 23,911 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the 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. The Issuer elected to redeem the reporting person's OP Units with common stock.
- [F2]Represents LTIP Units granted to the reporting person pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. Over time, the LTIP Units can achieve full parity with 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]Represents OP Units in the Operating Partnership. OP Units 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. The OP Units are vested as of the date of issuance and have no expiration date.
Documents
Issuer
STAG Industrial, Inc.
CIK 0001479094
Entity typeother
Related Parties
1- filerCIK 0001189309
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 6:36 PM ET
- Size
- 13.2 KB