STAG Industrial (NYSE: STAG) director receives 3,369 LTIP incentive units

Q: What insider transaction did STAG (STAG) report in this Form 4?

The filing reports that director Jacoby Francis X III was granted 3,369 LTIP Units of STAG Industrial Operating Partnership, L.P. on January 8, 2026 under STAG Industrial, Inc.’s 2011 Equity Incentive Plan.

Q: How do the STAG LTIP Units vest for this director grant?

The 3,369 LTIP Units granted on January 8, 2026 vest on a quarterly basis over a one-year period , meaning portions of the award become earned each quarter during that year.

Q: Do the STAG LTIP Units reported in this Form 4 have an expiration date?

No. The filing states that the LTIP Units do not have an expiration date , although their vesting is subject to the one-year quarterly vesting schedule.

Q: What is the relationship of the reporting person to STAG Industrial, Inc.?

The reporting person, Jacoby Francis X III , is disclosed as a director of STAG Industrial, Inc., and the Form 4 is filed as a single reporting person filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

STAG Industrial, Inc. director Jacoby Francis X III received a grant of 3,369 long-term incentive plan units (LTIP Units) of STAG Industrial Operating Partnership, L.P. on January 8, 2026 under the company’s 2011 Equity Incentive Plan. These LTIP Units vest on a quarterly basis over a one-year period, tying compensation to ongoing service and performance. After this award, the reporting person beneficially owned 58,945 derivative securities reported as LTIP Units. Over time, the LTIP Units can reach full parity with operating partnership units and then be converted and ultimately redeemed for cash equal to the market value of one share of STAG common stock, or, at the company’s election, for one share of common stock per unit. The LTIP Units do not have an expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jacoby Francis X III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	3,369	$0.00	--

Holdings After Transaction: LTIP Units — 58,945 shares (Direct)

Footnotes (1)

The long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership ("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 January 8, 2026 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. The LTIP Units vest on a quarterly basis over a one-year period. 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.

Form 4 Insider Transactions: What Each Field Means →

01/12/2026 - 04:42 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jacoby Francis X III

(Last)

(First)

(Middle)

C/O STAG INDUSTRIAL, INC.

ONE FEDERAL STREET, 23RD FLOOR

(Street)

BOSTON

02110

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STAG Industrial, Inc. [ STAG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
LTIP Units⁽¹⁾	⁽¹⁾⁽²⁾	01/08/2026		A		3,369		⁽¹⁾⁽²⁾	⁽²⁾	Common Stock, par value $0.01 per share	3,369	⁽¹⁾⁽²⁾	58,945	D

Explanation of Responses:

1. The long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership ("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 January 8, 2026 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. The LTIP Units vest on a quarterly basis over a one-year period.

2. 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.

	/s/ Jeffrey M. Sullivan, Attorney-in-Fact	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did STAG (STAG) report in this Form 4?

The filing reports that director Jacoby Francis X III was granted 3,369 LTIP Units of STAG Industrial Operating Partnership, L.P. on January 8, 2026 under STAG Industrial, Inc.’s 2011 Equity Incentive Plan.

How many LTIP Units does the STAG director own after this transaction?

Following the grant, the reporting person beneficially owns 58,945 derivative securities reported as LTIP Units, held in direct ownership form.

How do the STAG LTIP Units vest for this director grant?

The 3,369 LTIP Units granted on January 8, 2026 vest on a quarterly basis over a one-year period, meaning portions of the award become earned each quarter during that year.

Can the STAG LTIP Units be converted into common stock of STAG Industrial, Inc.?

Over time, the LTIP Units can achieve full parity with operating partnership units. If parity is reached and the LTIP Units are non-forfeitable, they may be converted into OP Units and then redeemed for either cash equal to the market value of one STAG common share or, at the issuer’s election, one share of common stock per unit.

Do the STAG LTIP Units reported in this Form 4 have an expiration date?

No. The filing states that the LTIP Units do not have an expiration date, although their vesting is subject to the one-year quarterly vesting schedule.

What is the relationship of the reporting person to STAG Industrial, Inc.?

The reporting person, Jacoby Francis X III, is disclosed as a director of STAG Industrial, Inc., and the Form 4 is filed as a single reporting person filing.