Michael Chase - Jul 1, 2022 Form 3 Insider Report for STAG Industrial, Inc. (STAG)

Role: EVP and CIO
Signature: /s/ Jeffrey M. Sullivan, Attorney-in-Fact
Stock symbol: STAG
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 3
Date filed: 7/11/2022, 03:14 PM
Next filing: Jan 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	STAG	Common Stock						24K	Jul 1, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	STAG	LTIP Units							Jul 1, 2022	Common Stock, par value $0.01 per share	26K		Direct	F1, F2
holding	STAG	Partnership Units							Jul 1, 2022	Common Stock, par value $0.01 per share	6.33K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 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, granted to the reporting person pursuant to the Issuer's 2011 Equity Incentive Plan, as amended (the "Equity Incentive Plan").
F2	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.
F3	Represents OP Units in the Operating Partnership.
F4	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.