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STAG Industrial (STAG) CFO Pinard Matts granted performance-based LTIP Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

STAG Industrial, Inc. executive Pinard Matts reported new equity awards in the form of LTIP Units. On January 8, 2026, the EVP, CFO and Treasurer received 12,282 LTIP Units that vest quarterly over a four-year period under the company’s Equity Incentive Plan. These units are tied to the operating partnership and can potentially be converted into common stock on a one-for-one basis if they reach full parity.

On the same date, Matts was also granted 26,467 additional LTIP Units, which were fully vested at issuance and reflect performance earned from a January 2023 award, where 154.5% of the target number of performance units was achieved over a three-year period. Following these awards, Matts holds 119,101 LTIP Units directly.

Positive

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Insider Pinard Matts
Role EVP, CFO AND TREASURER
Type Security Shares Price Value
Grant/Award LTIP Units 12,282 $0.00 $0.00
Grant/Award LTIP Units 26,467 $0.00 $0.00
Holdings After Transaction: LTIP Units — 119,101 shares (Direct)
Footnotes (4)
  1. F1. The 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, were granted to the reporting person on January 8, 2026 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan"). The LTIP Units vest on a quarterly basis over a four-year period.
  2. F2. Represents LTIP Units granted to the reporting person pursuant to the Equity Incentive Plan. 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.
  3. F3. The LTIP Units were granted to the reporting person by the Board of Directors of the Issuer (the "Board"). The LTIP Units were earned by the reporting person based on a performance unit award made in January 2023 pursuant to the Equity Incentive Plan. The reporting person earned 154.5% of the target number of performance units over a three-year performance period (not including LTIP Units received in lieu of dividends paid on the earned LTIP Units). The Compensation Committee of the Board determined the number of LTIP Units earned on January 8, 2026. All of the LTIP Units are fully vested as of the issuance date. For more information on the terms of the performance unit award, please see the Issuer's definitive proxy statement filed with the SEC.
  4. F4. Represents the total number of LTIP Units earned as of December 31, 2025 under the performance unit award made in January 2023 and LTIP Units received in lieu of dividends paid on the earned LTIP Units.

FAQ

What insider transaction did STAG (STAG) report for Pinard Matts?
The filing shows that Pinard Matts, EVP, CFO and Treasurer of STAG Industrial, Inc., received two equity awards in the form of LTIP Units on January 8, 2026 under the company’s Equity Incentive Plan.

How many STAG Industrial LTIP Units were granted on January 8, 2026?
On January 8, 2026, Matts was granted 12,282 LTIP Units that vest quarterly over four years and 26,467 LTIP Units that were fully vested at issuance, for a reported total derivative holding of 119,101 LTIP Units after the transactions.

What are LTIP Units in the STAG Industrial operating partnership?
LTIP Units are long-term incentive plan units of STAG Industrial Operating Partnership, L.P.. Over time they can achieve parity with operating partnership units and may then be redeemed for cash equal to the market value of one share of STAG’s common stock or, at the company’s election, for common shares on a one-for-one basis.

Were the STAG LTIP awards to Pinard Matts based on performance?
Yes. The filing states that the LTIP Units were earned from a January 2023 performance unit award under the Equity Incentive Plan, with Matts earning 154.5% of the target number of performance units over a three-year performance period.

Are the newly granted STAG LTIP Units subject to vesting?
The 12,282 LTIP Units vest on a quarterly basis over four years. The additional 26,467 LTIP Units tied to the performance award are reported as fully vested as of the issuance date.

Do STAG Industrial LTIP Units have an expiration date?
According to the filing, LTIP Units do not have an expiration date. Once non-forfeitable and at full parity, they may be converted into operating partnership units and then redeemed for cash or common stock.

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Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
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*
Pinard Matts
(Last) (First) (Middle)
C/O STAG INDUSTRIAL, INC.
ONE FEDERAL STREET, 23RD FLOOR
(Street)
BOSTON MA 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, CFO AND TREASURER
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
LTIP Units(1) (1)(2) 01/08/2026 A 12,282 (1)(2) (2) Common Stock, par value $0.01 per share 12,282 (1)(2) 92,634 D
LTIP Units(3) (2)(3) 01/08/2026 A 26,467(4) (2)(3) (2) Common Stock, par value $0.01 per share 26,467 (2)(3) 119,101 D
Explanation of Responses:
1. The 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, were granted to the reporting person on January 8, 2026 pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan"). The LTIP Units vest on a quarterly basis over a four-year period.
2. Represents LTIP Units granted to the reporting person pursuant to the Equity Incentive Plan. 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.
3. The LTIP Units were granted to the reporting person by the Board of Directors of the Issuer (the "Board"). The LTIP Units were earned by the reporting person based on a performance unit award made in January 2023 pursuant to the Equity Incentive Plan. The reporting person earned 154.5% of the target number of performance units over a three-year performance period (not including LTIP Units received in lieu of dividends paid on the earned LTIP Units). The Compensation Committee of the Board determined the number of LTIP Units earned on January 8, 2026. All of the LTIP Units are fully vested as of the issuance date. For more information on the terms of the performance unit award, please see the Issuer's definitive proxy statement filed with the SEC.
4. Represents the total number of LTIP Units earned as of December 31, 2025 under the performance unit award made in January 2023 and LTIP Units received in lieu of dividends paid on the earned LTIP Units.
/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