Every Form 4 that STAG INDUSTRIAL, INC. (STAG) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow STAG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STAG filings page.
Butcher Benjamin S reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Benjamin S. Butcher received a grant of 417 shares of common stock on July 15, 2026, issued under the 2011 Equity Incentive Plan in lieu of $16,250 in quarterly director fees, valued at an average price of $38.89 per share based on a 10-day period ended July 10, 2026.
After this stock award, Butcher directly holds 9,305 shares of STAG Industrial common stock.
Wilbon Vicki Lundy reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Vicki Lundy Wilbon received an equity award of 417 shares of common stock on July 15, 2026, as a grant under the 2011 Equity Incentive Plan. The shares were issued in lieu of $16,250 in quarterly director fees at a value of $38.89 per share, increasing her direct holdings to 3,581 shares.
Guillemette Larry T reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Larry T. Guillemette received a grant of 899 shares of common stock on July 15, 2026, as director compensation. The shares were issued under the 2011 Equity Incentive Plan in lieu of $35,000 in quarterly fees and valued at $38.89 per share, based on a 10-day average closing price. Following the award, he holds 42,424 shares directly.
MARR CHRISTOPHER P reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Christopher P. Marr received a grant of 417 shares of common stock on July 15, 2026 under the company’s 2011 Equity Incentive Plan, issued in lieu of $16,250 in quarterly director fees and valued at $38.89 per share. Following the award, he holds 8,717 shares directly and 20,152 shares indirectly through a trust.
WEGER HANS S reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Hans S. Weger received an equity grant of 417 shares of common stock on July 15, 2026, valued at $38.89 per share, in lieu of $16,250 in quarterly director fees under the 2011 Equity Incentive Plan. After this award, he holds 12,033 shares directly, while a trust for his spouse and children holds 32,206 shares; he disclaims beneficial ownership of the trust shares.
Furber Jeffrey D. reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Jeffrey D. Furber reported receiving a grant of 546 shares of Common Stock on July 15, 2026. The award was issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of quarterly director fees of $21,250.
The shares were valued at an average closing price of $38.89 for the 10-day period ended July 10, 2026. Following this stock-for-fees grant, Furber directly holds 55,544 shares of STAG Industrial, Inc. common stock.
STAG Industrial, Inc. reported that director Francis X. Jacoby III acquired 417 shares of common stock as a stock-based fee under the company’s 2011 Equity Incentive Plan. The shares were issued in lieu of $16,250 in quarterly director fees, valued at an average price of $38.89 per share. Following this grant, Jacoby directly holds 34,225 shares of STAG common stock.
COLBERT VIRGIS reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director COLBERT VIRGIS received an award of 417 shares of common stock on July 15, 2026 at a value of $38.89 per share. The shares were issued under the 2011 Equity Incentive Plan in lieu of $16,250 in quarterly director fees and are held in a trust for his benefit. Following this grant, he holds 5,067 shares directly.
Dilley Michelle reported acquisition or exercise transactions in this Form 4 filing.
Director Michelle Dilley received 530 shares of STAG Industrial, Inc. common stock as a grant under the 2011 Equity Incentive Plan, issued in lieu of $20,625 in quarterly director fees and valued at $38.89 per share. After this compensation award, she directly holds 14,553 shares.
Chin Jit Kee reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Chin Jit Kee received a grant of 578 shares of Common Stock on July 15, 2026, as equity compensation. The shares were issued under the 2011 Equity Incentive Plan in lieu of $22,500 in quarterly director fees, valued at $38.89 per share, bringing direct holdings to 11,633 shares.
WEGER HANS S reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Hans S. Weger received a grant of 440 shares of common stock on April 15, 2026, as equity compensation. The shares were issued under the company’s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250, valued at an average share price of $36.86. Following this grant, Weger directly holds 11,616 shares. An additional 32,206 shares are held in a trust for the benefit of his spouse and children, for which he disclaims beneficial ownership.
Furber Jeffrey D. reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Jeffrey D. Furber received a grant of 576 shares of common stock as compensation for his board service. The shares were issued in lieu of quarterly director fees of $21,250 under the company’s 2011 Equity Incentive Plan.
The stock was valued at an average closing price of $36.86 per share, based on the 10-day period ended April 10, 2026. Following this award, Furber directly holds 54,998 shares of STAG Industrial common stock.
COLBERT VIRGIS reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial director Virgis Colbert received 440 shares of Common Stock as a stock award. The shares were granted under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250, valued at an average closing price of $36.86 per share. Following this compensation grant, Colbert directly holds 4,650 shares of STAG Industrial common stock.
COLBERT VIRGIS reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Virgís Colbert received a grant of 440 shares of common stock on April 15, 2026. These shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250.
The shares were valued at an average closing price of $36.86 per share, based on the 10-day period that ended on April 10, 2026. After this award, Colbert directly holds 4,650 shares of STAG Industrial common stock.
Dilley Michelle reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Michelle Dilley received 559 shares of common stock as a grant, valued at $36.86 per share. These shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $20,625, bringing her direct holdings to 14,023 shares.
Butcher Benjamin S reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Benjamin S. Butcher received an award of 440 shares of common stock on April 15, 2026. The shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250, valued at an average price of $36.86 per share. Following this compensation grant, he directly holds 8,888 shares of STAG common stock.
Wilbon Vicki Lundy reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Vicki Lundy Wilbon received a grant of common stock as board compensation. She was awarded 440 shares of common stock on April 15, 2026, valued at $36.86 per share, in lieu of $16,250 in quarterly director fees.
Following this equity award, she directly holds 3,164 shares of STAG Industrial common stock. The grant was made under STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, and the value per share was based on the average closing price over the 10-day period ended April 10, 2026.
Jacoby Francis X III reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Francis X. Jacoby III received an award of 440 shares of common stock on April 15, 2026. These shares were issued as compensation under the company’s 2011 Equity Incentive Plan instead of a cash quarterly director fee of $16,250.
The stock was valued at an average closing price of $36.86 per share, based on the 10-day period ended April 10, 2026. Following this grant, Jacoby directly holds 33,808 shares of STAG Industrial common stock, reflecting routine, compensation-related equity rather than an open‑market purchase.
MARR CHRISTOPHER P reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial director Christopher P. Marr received 440 shares of Common Stock on April 15, 2026 as an equity award. The shares were granted under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250 and were valued at $36.86 per share, based on the average closing price over the 10-day period ended April 10, 2026. Following the award, Marr directly holds 8,300 common shares, and a trust reported as an indirect owner holds 20,152 common shares.
Guillemette Larry T reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial, Inc. director Larry T. Guillemette received a grant of 949 shares of common stock valued at $36.86 per share as compensation. The shares were issued under the company’s 2011 Equity Incentive Plan in lieu of a $35,000 quarterly director fee, bringing his direct holdings to 41,525 shares.
Chin Jit Kee reported acquisition or exercise transactions in this Form 4 filing.
STAG Industrial director Chin Jit Kee received 610 shares of Common Stock as an equity award. The shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $22,500, and were valued at an average closing price of $36.86 per share over the 10-day period ended April 10, 2026. Following this grant, the director holds 11,055 shares of STAG Industrial common stock directly, reflecting routine stock-based compensation rather than an open-market purchase or sale.
STAG Industrial, Inc. director Benjamin S. Butcher converted equity awards and related partnership interests into common stock and then returned shares to the company. On March 4, 2026, he converted 30,000 LTIP Units into 30,000 OP Units and redeemed those OP Units for common stock. He then disposed of 30,000 shares of common stock to the issuer at a weighted average price of $39.2537 per share, leaving him with 560,623 LTIP Units, 9,320 OP Units and 8,448 shares of common stock held directly.
STAG Industrial, Inc. CEO and President William R. Crooker converted long-term incentive and partnership units into common stock and then sold shares. He converted 93,732 LTIP Units into 93,732 OP Units, which were redeemed on a one-for-one basis for common stock. He then sold 93,732 shares of common stock in open-market transactions at a weighted average price of $39.1737, with sale prices ranging from $39.04 to $39.34. Following these transactions, his directly held LTIP Units totaled 385,934 units.
STAG Industrial, Inc. executive vice president, CFO and treasurer Matts Pinard converted equity awards and sold stock. On February 23, 2026, he converted 25,242 LTIP Units into 25,242 OP Units, which were then redeemed for 25,242 shares of common stock. He sold 25,242 common shares in the open market at a weighted average price of $39.1777 per share, with individual sales ranging from $39.04 to $39.34. After these transactions, he directly held 951 shares of common stock, 93,859 LTIP Units and 25,242 OP Units.
STAG Industrial director Virgis Colbert reported an open-market sale of 18,000 shares of common stock held in a trust for his benefit. The transactions on February 19, 2026 were executed in two blocks at prices of $38.11 and $38.06 per share. After these sales, Colbert, as trustee of the trust, reported beneficial ownership of 4,210 shares of STAG Industrial common stock.
STAG Industrial, Inc. director reports stock compensation grant. Director Colbert Virgis received 434 shares of STAG Industrial common stock on January 15, 2026, reported as an acquisition. The shares were issued under the company’s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250, using an average closing share price of $37.36 over the 10-day period ended January 12, 2026. After this grant, the director beneficially owned 22,171 shares, held in a trust for his benefit, for which he serves as trustee.
STAG Industrial, Inc. director Chin Jit Kee reported receiving 602 shares of common stock on January 15, 2026. The shares were issued under STAG Industrial’s 2011 Equity Incentive Plan in lieu of a $22,500 quarterly director fee, and were valued at an average closing price of $37.36 over the 10-day period ended January 12, 2026. Following this grant, the director beneficially owns 10,445 shares of STAG Industrial common stock, held directly.
STAG Industrial, Inc. director Hans S. Weger received a grant of common stock as part of his board compensation. On January 15, 2026, he was issued 434 shares of STAG common stock under the company’s 2011 Equity Incentive Plan in lieu of quarterly cash fees of $16,250. The shares were valued using the average closing price of the stock over the 10-day period ended January 12, 2026, which was $37.36 per share.
Following this grant, Weger directly held 11,176 shares of STAG common stock. The filing also reports 32,206 shares held indirectly in a trust for the benefit of his spouse and children; his spouse is a trustee of that trust, and Weger disclaims beneficial ownership of those trust-held shares.
STAG Industrial, Inc. director Benjamin S. Butcher received a stock grant as part of his board compensation. On January 15, 2026, he was awarded 434 shares of common stock valued at $37.36 per share, in lieu of quarterly director fees of $16,250, under the company’s 2011 Equity Incentive Plan. After this grant, he beneficially owned 33,448 shares of STAG Industrial common stock, held directly.
STAG Industrial, Inc. director Michelle Dilley received 552 shares of common stock on January 15, 2026. The shares were issued under STAG Industrial’s 2011 Equity Incentive Plan in lieu of quarterly cash fees of $20,625 for her board service. The stock was valued at an average closing price of $37.36 over the 10 trading days ended January 12, 2026. After this award, she beneficially owned 13,464 shares of STAG Industrial common stock, held directly.
STAG Industrial, Inc. director Vicki Lundy Wilbon received an equity-based fee for board service. On January 15, 2026, she was issued 434 shares of common stock under STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of a $16,250 quarterly cash fee for her services as a director.
The shares were valued at an average closing price of $37.36 per share, based on the 10-day period ended January 12, 2026. After this grant, she beneficially owned 2,724 shares of STAG Industrial common stock held directly.
STAG Industrial, Inc. director Christopher P. Marr received 434 shares of common stock on January 15, 2026, reported as an acquisition. These shares were issued under the company’s 2011 Equity Incentive Plan in lieu of a quarterly cash fee of $16,250 for his board service and were valued at an average closing price of $37.36 over the 10-day period ended January 12, 2026.
After this grant, Marr beneficially owns 7,860 shares of STAG Industrial common stock directly and 20,152 shares indirectly through a trust, reflecting his combined holdings as a company director.
STAG Industrial, Inc. director Jeffrey D. Furber received 568 shares of common stock on January 15, 2026. The shares were issued under the company’s 2011 Equity Incentive Plan in lieu of quarterly director fees of $21,250, and were valued at an average closing price of $37.36 per share over the 10-day period ended January 12, 2026. Following this award, Furber beneficially owned 54,422 shares of STAG common stock, held directly.
STAG Industrial, Inc. director Larry T. Guillemette reported receiving shares as part of his board compensation. On January 15, 2026, he was issued 936 shares of common stock under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $35,000. The shares were valued at an average closing price of $37.36 based on the 10-day period ended January 12, 2026. Following this grant, he directly beneficially owned 40,576 common shares of STAG Industrial, Inc.
STAG Industrial, Inc. director Jacoby Francis X III received 434 shares of common stock on January 15, 2026 as compensation for board service. The shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of a quarterly cash fee of $16,250 and were valued at an average closing price of $37.36, based on the 10-day period ended January 12, 2026. Following this award, the director beneficially owned 33,368 shares of STAG common stock directly.
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.
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.
STAG Industrial, Inc. reported that its Executive Vice President, General Counsel and Secretary, Jeffrey M. Sullivan, received 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.
One grant of 11,668 LTIP Units was awarded that will vest on a quarterly basis over a four-year period. A separate performance-based grant of 26,467 LTIP Units was earned from a performance unit award made in January 2023, for which the executive achieved 154.5% of the target units over a three-year performance period; these LTIP Units are fully vested as of issuance.
Over time, LTIP Units can reach parity with operating partnership units and then be 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.
STAG Industrial, Inc. reported that its chief accounting officer, Paul Jaclyn, received new long-term incentive awards in the form of LTIP Units on January 8, 2026 under the company’s equity incentive plan. One grant of 3,503 LTIP Units was awarded that will vest quarterly over four years, aligning compensation with continued service.
In addition, Jaclyn was granted 8,469 LTIP Units tied to a performance award made in January 2023. The company states he earned 154.5% of the target number of performance units over a three-year performance period, and these LTIP Units are fully vested as of the issuance date. Over time, LTIP Units can reach parity with operating partnership units and then be redeemed for cash or, at the company’s election, one share of STAG common stock per unit.
STAG Industrial, Inc. reported equity awards to executive Michael Chase, its EVP and CIO. On January 8, 2026, he received two grants of long-term incentive plan units ("LTIP Units") in STAG Industrial Operating Partnership, L.P. The first award covered 12,565 LTIP Units, which vest quarterly over four years under the company’s Equity Incentive Plan. The second award covered 29,113 LTIP Units that were fully vested at issuance and were earned from a performance unit award granted in January 2023, where Chase earned 154.5% of the target units over a three-year performance period through December 31, 2025. These LTIP Units can potentially be converted into operating partnership units and eventually into cash or common stock on a one-for-one basis, providing long-term, performance-linked compensation.
STAG Industrial, Inc. disclosed that CEO and President William R. Crooker received 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. One grant covers 37,584 LTIP Units that vest quarterly over four years. A separate grant of 59,286 LTIP Units was earned from a performance unit award made in January 2023, for which the executive earned 154.5% of the target over a three-year period; these LTIP Units are fully vested as of issuance. The Form 4 shows Crooker directly beneficially owning 479,666 LTIP Units after these grants. Over time, LTIP Units can reach parity with operating partnership units and then be redeemed for cash or, at the issuer’s election, exchanged for common stock on a one-for-one basis, and they do not have an expiration date.
STAG Industrial, Inc. disclosed that Executive Vice President Steven T. Kimball received long-term incentive plan units ("LTIP Units") in the company’s operating partnership under its 2011 Equity Incentive Plan. On January 8, 2026, he was granted 13,050 LTIP Units that vest quarterly over a four-year period, and an additional 27,178 LTIP Units tied to a performance unit award granted in January 2023.
The performance-based LTIP Units reflect that he earned 154.5% of the target number of performance units over a three-year performance period, including units received in lieu of dividends on earned LTIP Units. These performance-based LTIP Units are fully vested as of the issuance date and, once they reach full parity with operating partnership units, may be redeemed for cash equal to one share of STAG Industrial common stock or, at the company’s election, for shares of common stock on a one-for-one basis.
STAG Industrial, Inc. director Chin Jit Kee reported a grant of 3,369 LTIP Units of STAG Industrial Operating Partnership, L.P. on January 8, 2026 under the company’s 2011 Equity Incentive Plan, as amended. These long-term incentive plan units vest on a quarterly basis over a one-year period, and after the grant the reporting person beneficially owns 23,286 derivative securities on a direct basis.
Over time, the LTIP Units can achieve full parity with common units of limited partnership of the Operating Partnership. If that 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 STAG Industrial’s common stock or, at the issuer’s election, for shares of common stock on a one-for-one basis. The LTIP Units do not have an expiration date.
STAG Industrial, Inc. reported that one of its directors received a grant of 3,369 long-term incentive plan units ("LTIP Units") on January 8, 2026 under the company’s 2011 Equity Incentive Plan. These LTIP Units vest quarterly over a one-year period, tying the director’s compensation to the company’s longer-term performance. Over time, the LTIP Units can achieve parity with operating partnership units and then be 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. Following this grant, the director beneficially owned 8,956 derivative securities related to STAG common stock.
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.
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.
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.
STAG Industrial, Inc. director Michelle Dilley received an equity-based award of 3,369 LTIP Units on January 8, 2026. These long-term incentive plan units were granted under STAG Industrial’s 2011 Equity Incentive Plan and vest on a quarterly basis over one year. Following this grant, she beneficially owns 31,044 LTIP Units on a direct basis.
The LTIP Units are issued by STAG Industrial Operating Partnership, L.P., in which STAG Industrial, Inc. is the sole member of the general partner. Over time, these LTIP Units can achieve full parity with operating partnership units and, if non-forfeitable and parity is reached, may be converted into operating partnership units and then redeemed for cash equal to the market value of one share of common stock or, at the company’s election, one share of common stock per unit. The LTIP Units do not have an expiration date.
STAG Industrial, Inc. disclosed that director Jeffrey D. Furber received an equity-based award in the form of long-term incentive plan units ("LTIP Units") on January 8, 2026 under the company’s 2011 Equity Incentive Plan. The award covers 3,369 LTIP Units of STAG Industrial Operating Partnership, L.P., bringing his total beneficially owned derivative securities to 58,945, held directly. These LTIP Units vest on a quarterly basis over a one-year period, aligning compensation with ongoing service.
Over time, the LTIP Units may achieve parity with operating partnership common units, and non-forfeitable units can then be converted into operating partnership units and 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. The LTIP Units do not have an expiration date, making them a long-term component of Furber’s incentive package.
STAG Industrial director Colbert Virgis received a new equity award in the form of partnership units. On January 8, 2026, he was granted 3,369 LTIP Units in STAG Industrial Operating Partnership, L.P. at a price of $0.00 per unit, increasing his directly held derivative position to 19,893 LTIP Units.
The LTIP Units were granted under STAG Industrial, Inc.’s 2011 Equity Incentive Plan and vest quarterly over one year, tying compensation to ongoing service and performance milestones. Over time, these LTIP Units can reach full parity with operating partnership units and then be converted into OP Units. Once parity is achieved and units are non-forfeitable, they may be redeemed for cash equal to the market value of one share of STAG’s common stock or, at the company’s election, settled in common shares on a one-for-one basis. The LTIP Units have no expiration date, giving long-term alignment with shareholders.