<SEC-DOCUMENT>0001415889-24-016200.txt : 20240610
<SEC-HEADER>0001415889-24-016200.hdr.sgml : 20240610
<ACCEPTANCE-DATETIME>20240610161654
ACCESSION NUMBER:		0001415889-24-016200
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240216
FILED AS OF DATE:		20240610
DATE AS OF CHANGE:		20240610

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Butcher Benjamin S
		CENTRAL INDEX KEY:			0001517406
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34907
		FILM NUMBER:		241032941

	MAIL ADDRESS:	
		STREET 1:		ONE FEDERAL STREET
		STREET 2:		23RD FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STAG Industrial, Inc.
		CENTRAL INDEX KEY:			0001479094
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				273099608
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE FEDERAL STREET
		STREET 2:		23RD FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		(617)574-4777

	MAIL ADDRESS:	
		STREET 1:		ONE FEDERAL STREET
		STREET 2:		23RD FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STAG Industrial REIT, Inc.
		DATE OF NAME CHANGE:	20091218
</SEC-HEADER>
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            <rptOwnerState>MA</rptOwnerState>
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    <footnotes>
        <footnote id="F1">On February 16, 2024, the reporting person converted a total of 50,000 long-term incentive plan units (&quot;LTIP Units&quot;) of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the &quot;Operating Partnership&quot;), of which STAG Industrial, Inc., a Maryland corporation (the &quot;Issuer&quot;), is the sole member of the general partner, into 50,000 common units of limited partnership of the Operating Partnership (&quot;OP Units&quot;) and redeemed 50,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the 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. The Issuer elected to redeem the reporting person's OP Units with common stock.</footnote>
        <footnote id="F2">This represents the weighted average sales price. On February 16, 2024, sales prices ranged from $38.96 to $39.23. Upon request by the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F3">On June 6, 2024, the reporting person converted a total of 30,000 LTIPs of the Operating Partnership, of which the Issuer, is the sole member of the general partner, into 30,000 OP Units and redeemed 30,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the 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. The Issuer elected to redeem the reporting person's OP Units with common stock.</footnote>
        <footnote id="F4">This represents the weighted average sales price. On June 6, 2024, sales prices ranged from $34.80 to $34.84. Upon request by the Securities and Exchange Commission, the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F5">Represents LTIP Units granted to the reporting person pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. Over time, the LTIP Units can achieve full parity with 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.</footnote>
        <footnote id="F6">Represents OP Units in the Operating Partnership. OP Units 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. The OP Units are vested as of the date of issuance and have no expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jeffrey M. Sullivan, Attorney-in-Fact</signatureName>
        <signatureDate>2024-06-10</signatureDate>
    </ownerSignature>
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