0001415889-23-016857.txt : 20231221
0001415889-23-016857.hdr.sgml : 20231221
20231221193613
ACCESSION NUMBER: 0001415889-23-016857
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231220
FILED AS OF DATE: 20231221
DATE AS OF CHANGE: 20231221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Butcher Benjamin S
CENTRAL INDEX KEY: 0001517406
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34907
FILM NUMBER: 231506845
MAIL ADDRESS:
STREET 1: ONE FEDERAL STREET
STREET 2: 23RD FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: STAG Industrial, Inc.
CENTRAL INDEX KEY: 0001479094
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 273099608
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE FEDERAL STREET
STREET 2: 23RD FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: (617)574-4777
MAIL ADDRESS:
STREET 1: ONE FEDERAL STREET
STREET 2: 23RD FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
FORMER COMPANY:
FORMER CONFORMED NAME: STAG Industrial REIT, Inc.
DATE OF NAME CHANGE: 20091218
4
1
form4-12222023_121207.xml
X0508
4
2023-12-20
0001479094
STAG Industrial, Inc.
STAG
0001517406
Butcher Benjamin S
C/O STAG INDUSTRIAL, INC.
ONE FEDERAL STREET, 23RD FLOOR
BOSTON
MA
02110
true
false
false
false
0
Common Stock
2023-12-20
4
C
0
25000
A
32522
D
Common Stock
2023-12-20
4
S
0
25000
38.8363
D
7522
D
LTIP Units
2023-12-20
4
C
0
25000
D
Common Stock, par value $0.01 per share
25000
740215
D
Partnership Units
2023-12-20
4
C
0
25000
A
Common Stock, par value $0.01 per share
25000
34320
D
Partnership Units
2023-12-20
4
C
0
25000
D
Common Stock, par value $0.01 per share
25000
9320
D
On December 20, 2023, the reporting person converted a total of 25,000 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 25,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 25,000 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.
This represents the weighted average sales price. On December 20, 2023, sales prices ranged from $38.37 to $39.05. 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.
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.
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.
/s/ Jeffrey M. Sullivan, Attorney-in-Fact
2023-12-21