Hans S. Weger - Jan 17, 2023 Form 4 Insider Report for STAG Industrial, Inc. (STAG)

Role
Director
Signature
/s/ Jeffrey M. Sullivan, Attorney-in-Fact
Stock symbol
STAG
Transactions as of
Jan 17, 2023
Transactions value $
$18,735
Form type
4
Date filed
1/18/2023, 06:24 PM
Previous filing
Jan 13, 2023
Next filing
Apr 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STAG Common Stock Award $18.7K +566 +13.88% $33.10 4.64K Jan 17, 2023 Direct F1, F2
holding STAG Common Stock 32.2K Jan 17, 2023 By trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were issued to the reporting person pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of quarterly fees of $18,750 for the reporting person's services as a director. The shares were valued at the average closing price of the shares for the 10-day period ended January 11, 2023, which was $33.10.
F2 Due to an inadvertent administrative error in a Form 4 filed on April 20, 2022, the number of shares beneficially owned reported was 2,374 shares, rather than the correct number of 2,806. The result of the error in subsequent filings was to under report direct holdings by the reporting person by 432 shares. This filing properly reflects the correct number of shares as of January 18, 2023.
F3 The securities are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is a trustee of the trust. The reporting person disclaims beneficial ownership of the securities, and the filing of this report should not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.