Benjamin S. Butcher has been the CEO of STAG Industrial, Inc. since 2010. He has led the company through significant growth, focusing on acquiring and managing single-tenant industrial properties. Holding a Bachelor of Arts from Bowdoin College and an MBA from Dartmouth, he combines management knowledge with real estate acumen. Interestingly, Butcher served as the interim Chief Financial Officer for STAG when there was a transition period in 2014. His leadership is backed by impressive performance metrics at STAG, including annual bonuses based on company success. In 2022, his total compensation was $1.27 million, a drop from $4.45 million in 2021, demonstrating a performance-driven pay structure. Under his guidance, the company has seen fluctuations in his wealth tied to stock performance, with notable trades peaking over $35 million in 2021. Butcher is not just about numbers; he has devoted years to aligning company goals with shareholder interests. His focus on growth and financial health reflects a deep understanding of the industry and the importance of long-term planning. He’s also on the board for Washington Real Estate Investment Trust, expanding his influence in the real estate sector.

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Benjamin S. Butcher

Ex-CEO of Stag Industrial

Education

Bachelor of Arts from Bowdoin College and a Master of Business Administration from Dartmouth College

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

January 1, 1954 - 71 years ago

CEO of Stag Industrial for

12 years 6 months (Jan 2010 - Jul 2022)

Previous Experience

Member of the board of managers of STAG Capital Partners, LLC, STAG Capital Partners III, LLC, and their affiliates from 2003 to 2011.

Rivals

Competitors/colleagues of Benjamin S. Butcher

Monica Howard Douglas

CEO of VICI Properties Inc.

2023 Compensation

Stock

$2.33M

Salary

$1.00M

Bonus

$0.00

Other

$27.68K

Total Holdings

$4.12M

Thomas J. Baltimore, Jr.

CEO of Park Hotels & Resorts Inc.

2023 Compensation

Stock

$2.22M

Salary

$1.00M

Bonus

$2.44M

Other

$960.00

Total Holdings

$27.66M

Marshall A. Loeb

CEO of EastGroup Properties

2022 Compensation

Stock

$2.96M

Salary

$745.00K

Bonus

$0.00

Other

$337.65K

Total Holdings

$25.88M

Hamid R. Moghadam

CEO of Prologis

2023 Compensation

Stock

$41.06M

Salary

$1.00

Bonus

$1.91M

Other

$12.00K

Total Holdings

$125.21M

Peter E. Baccile

CEO of First Industrial Realty Trust

2023 Compensation

Stock

$0.00

Salary

$836.00K

Bonus

$1.83M

Other

$31.04K

Total Holdings

$22.16M

W. Blake Baird

Founder and CEO of Terreno Realty

2020 Compensation

Stock

$7.60M

Salary

$800.00K

Bonus

$0.00

Other

$8.55K

Total Holdings

$54.93M

Holdings

See how much did Benjamin S. Butcher make over time.

Benjamin Butcher has seen his holdings in STAG Industrial reflect the company's market performance over the years. Notably, there were times when his wealth peaked at over $35 million in 2021, showcasing his investment's strengths during that period. Following a notable peak in holdings in 2021, which saw continuous increases month over month, his wealth has fluctuated, declining as his compensation shortened significantly in 2022 to $1.61 million. Despite recent decreases, he remains a significant stakeholder in the company's portfolio, aligning his interests with long-term growth and performance. His trades show activity throughout the years, with significant holdings documented until late 2024, indicating his continuous engagement and belief in the company's path. Overall, Butcher demonstrates a strong connection to the company's market trajectory, leveraging his insider knowledge to impact his financial standing.

Mar 18, 2025

STAG @ $35.46

Total Stock Sold

$33.28M

STAG

$33.28M

1,091,584 STAG shares

What if they kept their stock?

If Benjamin S. Butcher didn't sell their stock, today they would have:
Extra STAG1,091,584 shares worth $27.73M.
This is -16.69% and $5.56M less than what they got when they sold the stock.

Charitable Transactions

STAG

49,200 shares

STAG

Recent Charitable Transactions

STAG

10,000 shares

STAG

Dec 31, 2021

Charity

STAG

15,000 shares

STAG

Dec 31, 2020

Charity

STAG

10,000 shares

STAG

Dec 12, 2019

Charity

STAG

14,200 shares

STAG

Dec 31, 2014

Charity

Insider Trading

See recent insider trades of Benjamin S. Butcher.

STAG

$1.96M

STAG at $39.23/share

Sep 12, 2024

Sale

STAG

$1.39M

STAG at $40.78/share

Aug 1, 2024

Sale

STAG

$16.23K

STAG at $35.75/share

Jul 15, 2024

Received

STAG

$2.95M

STAG at $36.93/share

Feb 16, 2024

Sale

STAG

$16.22K

STAG at $37.71/share

Apr 15, 2024

Received

STAG

$13.73K

STAG at $39.01/share

Jan 16, 2024

Received

STAG

$970.91K

STAG at $38.84/share

Dec 20, 2023

Sale

STAG

$1.44M

STAG at $36.14/share

Nov 27, 2023

Sale

STAG

$13.73K

STAG at $34.33/share

Oct 16, 2023

Received

STAG

$1.28M

STAG at $36.58/share

Sep 13, 2023

Sale

Compensation History

See how much did Benjamin S. Butcher make over time.

In 2022, Benjamin S. Butcher’s total compensation was $1.27 million, significantly lower than the $4.45 million he received in 2021. His pay is structured around performance metrics, with the bulk coming from bonuses tied to STAG Industrial's success. Butcher’s base salary of $487,500 was part of a compensation strategy that incentivizes strong company performance. The annual cash incentive bonus contributes significantly to his pay, reflecting both company and individual performance metrics. Over the years, his compensation has shifted; in 2020, it was $1.88 million, heavily based on performance measures. Critics might see the significant drop in 2022 as an indicator of tighter company controls or market fluctuations. Overall, his compensation package balances base salary with performance incentives aimed at aligning his interests with shareholders. Butcher's compensation and performance metrics show a calculated approach to leading STAG Industrial.

Year

2022

Total Compensation

$1.28M

Salary

$487.50K

Board Justification

The compensation program is designed to attract and retain high-caliber executive officers and incentivize employee contributions that align with corporate objectives and stockholder interests.

Bonus

$758.67K

Board Justification

Annual cash incentive bonus based on company performance goals (80%) and individual performance goals (20%).

Other

$30.06K

Board Justification

Includes insurance premiums, 401(k) matching contributions, and commuting/parking allowances.

Restricted Stock

$0.00(0 LTIP units)

Board Justification

No stock grants were vested in 2022 as the focus is on performance units and LTIP units which vest over time.

Performance Metrics

Core FFO per Share, Acquisition Volume, Net Debt to Run Rate Adjusted EBITDAre, Same Store Cash NOI Growth.

Other Stag Industrial CEOs

Here are other CEOs of Stag Industrial

William R. Crooker

CEO of Stag Industrial

July 2022 - Present