Crooker William R 4

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.