Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Nov 17, 2025
Reporting period
Not applicable
Filed with the SEC
Nov 19, 2025
DirectorOption exercise
Context
Classification
option exercise
Code C — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001517406-25-000007
Filed / recorded
Nov 19, 2025, 9:10 PM UTC
Added to OQRO
Oct 6, 2026, 9:11 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
STAG Industrial, Inc.
Issuer CIK
1479094
Ticker
STAG
Reporting person
Benjamin S Butcher
Relationship
Director
Security
Common Stock
Table
Non-derivative (Table I)
Transaction date
Nov 17, 2025
Transaction code
C
Shares / units
50,000
Acquired / disposed
Acquired (A)
Shares owned after
58,014
Ownership form
Direct
Amendment
No
Footnotes from the filing
On November 17, 2025, the reporting person converted a total of 50,000 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, into 50,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 50,000 OP Units. The LTIP Units are convertible into OP Units as they are nonforfeitable 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.