4//SEC Filing
Kimball Steven T. 4
Accession 0001415889-23-005941
CIK 0001479094other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 2:55 PM ET
Size
6.6 KB
Accession
0001415889-23-005941
Insider Transaction Report
Form 4
Transactions
- Award
LTIP Units
2023-03-31+19,345→ 19,345 total→ Common Stock, par value $0.01 per share (19,345 underlying)
Footnotes (2)
- [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 March 31, 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.
Documents
Issuer
STAG Industrial, Inc.
CIK 0001479094
Entity typeother
Related Parties
1- filerCIK 0001971755
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 2:55 PM ET
- Size
- 6.6 KB