STAG Industrial (STAG) grants 3,369 LTIP Units to company director

Rhea-AI Filing Summary

STAG Industrial, Inc. reported an equity award to director Larry T. Guillemette through long-term incentive plan units ("LTIP Units") in its operating partnership. On January 8, 2026, he was granted 3,369 LTIP Units at a price of $0.0000 per unit under the company’s 2011 Equity Incentive Plan. These LTIP Units vest quarterly over a one-year period, aligning compensation with ongoing service during that year.

Over time, the LTIP Units can achieve parity with operating partnership units, which 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 one share of common stock per unit. Following this grant, Guillemette held 58,945 derivative securities in the form of LTIP Units, all reported as directly owned.

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^*

Guillemette Larry T

(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)

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)
			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		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.

FAQ

What insider transaction did STAG (STAG) report for Larry T. Guillemette?

STAG Industrial, Inc. reported that director Larry T. Guillemette was granted 3,369 LTIP Units on January 8, 2026 under the company’s 2011 Equity Incentive Plan.

What are the vesting terms of the 3,369 LTIP Units granted by STAG (STAG)?

The 3,369 LTIP Units granted on January 8, 2026 vest on a quarterly basis over a one-year period, tying the award to continued service during that year.

How many LTIP Units does the STAG (STAG) director hold after this grant?

After the reported transaction, Larry T. Guillemette beneficially owned 58,945 derivative securities in the form of LTIP Units, reported as held directly.

Can STAG (STAG) LTIP Units be converted into common stock?

Over time, 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 cash equal to the then-current market value of one share of common stock or, at the issuer’s election, for shares of common stock on a one-for-one basis.

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

No. The filing states that LTIP Units do not have an expiration date, although they vest over a defined one-year period and may later be converted or redeemed as described.

At what price were the 3,369 LTIP Units granted to the STAG (STAG) director?

The 3,369 LTIP Units were granted at a price of $0.0000 per unit, consistent with a typical equity incentive award rather than an open-market purchase.