Crooker William R 4
4 · STAG Industrial, Inc. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
STAG Industrial CEO William R. Crooker Sells 93,732 Shares
What Happened
- William R. Crooker, CEO & President (and a director) of STAG Industrial, converted long‑term incentive plan units (LTIP Units) into operating partnership units (OP Units), had those OP Units redeemed for 93,732 shares of STAG common stock, and then sold those 93,732 shares in an open‑market transaction. The sale produced proceeds of $3,671,829 (weighted average price $39.17).
Key Details
- Transaction date: February 23, 2026.
- Sale: 93,732 shares sold in open market; weighted average sale price $39.17; sale price range $39.04–$39.34 (per footnote F2).
- Consideration: Total proceeds reported $3,671,829.
- Mechanics: Reporting person converted 93,732 LTIP Units to 93,732 OP Units and the OP Units were redeemed for shares (Issuer elected stock redemption) before the sale (see footnotes F1, F3, F4).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Timeliness: Filed on the same date as the reported transactions (no late filing indicated).
Context
- These were not option exercises; they were conversions/redemptions of LTIP/OP units into common stock followed by an immediate open‑market sale. Conversions/redemptions of partnership units are common mechanics for insiders to receive or liquidate equity tied to the operating partnership.
- Sales like this are typically routine liquidity events and should not be taken alone as a signal of company performance; the filing is factual and does not state the reporting person's motive.
Insider Transaction Report
Form 4
Crooker William R
DirectorCEO AND PRESIDENT
Transactions
- Conversion
Common Stock
[F1]2026-02-23+93,732→ 93,732 total - Sale
Common Stock
[F2]2026-02-23$39.17/sh−93,732$3,671,829→ 0 total - Conversion
LTIP Units
[F3][F1]2026-02-23−93,732→ 385,934 total→ Common Stock, par value $0.01 per share (93,732 underlying) - Conversion
Partnership Units
[F4][F1]2026-02-23+93,732→ 93,732 total→ Common Stock, par value $0.01 per share (93,732 underlying) - Conversion
Partnership Units
[F4][F1]2026-02-23−93,732→ 0 total→ Common Stock, par value $0.01 per share (93,732 underlying)
Footnotes (4)
- [F1]On February 23, 2026, the reporting person converted a total of 93,732 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 93,732 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 93,732 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]This represents the weighted average sales price. On February 23, 2026, sales prices ranged from $39.04 to $39.34. Upon request by the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
- [F3]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.
- [F4]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.
Signature
/s/ Jeffrey M. Sullivan,, Attorney-in-Fact|2026-02-23