STAG Industrial (STAG) director receives 3,369 LTIP Units with stock-linked rights
Rhea-AI Filing Summary
STAG Industrial, Inc. reported that director Christopher P. Marr received an award of 3,369 LTIP Units on January 8, 2026 under the company’s 2011 Equity Incentive Plan. These long-term incentive plan units vest on a quarterly schedule over a one-year period, tying compensation to ongoing service.
The LTIP Units are issued through STAG Industrial Operating Partnership, L.P. and are treated as derivative securities linked to the company’s common stock. Over time, the LTIP Units can reach full parity with operating partnership units and then be converted and redeemed for cash equal to the market value of one share of STAG common stock or, at the company’s election, settled in common shares on a one-for-one basis. Following this grant, Marr beneficially owns 51,535 LTIP Units directly, and the LTIP Units have no expiration date.
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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 for Christopher P. Marr?
STAG Industrial, Inc. reported that director Christopher P. Marr received an award of 3,369 LTIP Units on January 8, 2026 under the company’s 2011 Equity Incentive Plan.
What are LTIP Units in the STAG (STAG) Form 4 filing?
The LTIP Units are long-term incentive plan units of STAG Industrial Operating Partnership, L.P. that are linked to STAG Industrial, Inc.’s common stock. Over time, they can achieve full parity with operating partnership units and may then be converted and redeemed for cash equal to the value of one share of common stock or, at the issuer’s election, settled in common shares on a one-for-one basis.
How do the LTIP Units granted to the STAG (STAG) director vest?
The LTIP Units granted to Christopher P. Marr on January 8, 2026 vest on a quarterly basis over a one-year period, providing staged vesting rather than a single cliff vest date.
How many LTIP Units does the STAG (STAG) director own after this transaction?
After the reported grant of 3,369 LTIP Units, Christopher P. Marr beneficially owns 51,535 LTIP Units directly.
Can the LTIP Units in the STAG (STAG) filing be converted into common stock?
Once the LTIP Units reach full parity with operating partnership units and become non-forfeitable, they may be converted into OP Units and then redeemed for cash equal to the then-current market value of one share of STAG common stock or, at the issuer’s election, for shares of common stock on a one-for-one basis.
Do the LTIP Units reported for STAG (STAG) have an expiration date?
No. The filing states that the LTIP Units do not have an expiration date, meaning they remain outstanding subject to vesting and conversion conditions.