STAG Industrial (STAG) director receives 3,369 LTIP Units in equity grant
Rhea-AI Filing Summary
STAG Industrial, Inc. director Hans S. Weger reported a grant of 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. The filing shows an award of 3,369 LTIP Units at a price of $0.00 per unit, bringing his total beneficially owned derivative securities to 58,945 LTIP Units, held directly.
The LTIP Units vest quarterly over a one-year period. Over time, they can achieve full parity with operating partnership common units, and non-forfeitable LTIP Units may be converted into OP Units and then redeemed for cash equal to the market value of one share of STAG’s 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 3,369 | $0.00 | -- |
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.
FAQ
What insider transaction did STAG (STAG) report in this filing?
The filing reports that director Hans S. Weger received a grant of 3,369 LTIP Units of STAG Industrial Operating Partnership, L.P. on January 8, 2026 at a price of $0.00 per unit.
How many STAG LTIP Units does Hans S. Weger own after this transaction?
After the reported grant, Hans S. Weger beneficially owns 58,945 LTIP Units, according to the filing. These are reported as held in direct ownership form.
How do STAG Industrial LTIP Units work for the reporting person?
The filing states that the LTIP Units were granted under STAG Industrial, Inc.’s 2011 Equity Incentive Plan, as amended. The LTIP Units vest on a quarterly basis over a one-year period, providing time-based incentive compensation to the director.
Can STAG LTIP Units be converted into common stock of STAG Industrial, Inc.?
According to the footnotes, over time LTIP Units can achieve full parity with operating partnership common units. If parity is reached and the LTIP Units are non-forfeitable, they may be converted into OP Units and then redeemed for cash equal to the market value of one share of common stock or, at STAG’s election, for one share of common stock per unit.
Do the STAG Industrial LTIP Units reported here have an expiration date?
The filing explicitly states that the LTIP Units do not have an expiration date, meaning they remain outstanding subject to vesting and any plan conditions.
What relationship does the reporting person have to STAG Industrial, Inc.?
The reporting person, Hans S. Weger, is identified in the filing as a director of STAG Industrial, Inc. and is not marked as a 10% owner or officer.