STAG Industrial Inc
For the period ended Mar 31, 2025. Filed Apr 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 29, 2025
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Equity Securities
During the quarter ended March 31, 2025, the Operating Partnership issued 53,360 common units upon exchange of outstanding long term incentive plan units issued pursuant to the STAG Industrial, Inc. 2011 Equity Incentive Plan, as amended and restated (the “2011 Plan”). Subject to certain restrictions, common units in the Operating Partnership may be redeemed for cash in an amount equal to the value of a share of common stock or, at our election, for a share of common stock on a one-for-one basis.
During the quarter ended March 31, 2025, we issued 53,360 shares of common stock upon redemption of 53,360 common units in the Operating Partnership held by various limited partners. The issuance of such shares of common stock was either registered under the Securities Act or effected in reliance upon an exemption from registration provided by Section 4(a)(2) under the Securities Act and the rules and regulations promulgated thereunder.
All other issuances of unregistered securities during the quarter ended March 31, 2025, if any, have previously been disclosed in filings with the SEC.
Issuer Purchases of Equity Securities
| Period | Total Number of SharesPurchased(1) | Average Price Paid perShare(1) | Total Number of SharesPurchased as Part ofPublicly AnnouncedPlans or Programs | Approximate DollarValue of Shares thatMay Yet be PurchasedUnder the Plans orPrograms |
|---|---|---|---|---|
| January 1, 2025 - January 31, 2025 | 19,207 | $33.79 | — | $— |
| February 1, 2025 - February 28, 2025 | — | $— | — | $— |
| March 1, 2025 - March 31, 2025 | — | $— | — | $— |
| Total/weighted average | 19,207 | $33.79 | — | $— |
(1) Reflects shares surrendered to the Company for payment of tax withholdings obligations in connection with the vesting of shares of common stock issued pursuant to the 2011 Plan. The average price paid reflects the average market value of shares withheld for tax purposes.
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