Form 4: STAG Director Acquires Shares as Compensation

STAG Industrial Director Larry T. Guillemette acquired 974 shares of common stock as compensation for his services.

Summary

• Director Larry T. Guillemette acquired 974 shares of STAG Industrial, Inc. common stock.
• The acquisition occurred on October 15, 2025.
• Shares were issued in lieu of quarterly director fees totaling $35,000.
• The shares were valued at $35.93 per share, based on the average closing price for the 10-day period ending October 10, 2025.
• Following this transaction, Mr. Guillemette directly owns 39,640 shares of STAG Industrial, Inc.
• The transaction was made pursuant to the company's 2011 Equity Incentive Plan, as amended.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. It's a routine compensation event, but the director receiving equity rather than cash for services is generally seen as a positive for aligning interests. No significant new information to drive strong sentiment.

Positives

• Director compensation in equity aligns management interests with shareholder interests.
• The transaction was pre-arranged under a Rule 10b5-1(c) plan, indicating a structured approach to compensation.

Future Outlook

NA

Industry Context

This is a routine insider transaction for a Real Estate Investment Trust (REIT). Director compensation in equity is a common practice across industries, including REITs, to align the interests of board members with those of long-term shareholders.

Comparison to Industry Standards

• Compensating directors with equity is a common practice in publicly traded companies, including REITs, to align their interests with long-term shareholder value.
• The use of a 10b5-1 plan for such transactions is standard practice for insiders to avoid accusations of trading on material non-public information.

Corporate Governance

Related Party Transactions

• Director Larry T. Guillemette received 974 shares of common stock as compensation for his services, valued at $35,000, from STAG Industrial, Inc.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity compensation.
• Director: Received compensation in company stock, increasing personal stake in the company's performance.

Key Dates

Recommendation

This Form 4 filing reports a routine compensation event where a director received shares in lieu of cash fees. While it shows continued alignment of director interests with shareholders, it does not present new material information that would warrant a change in investment recommendation. The transaction is part of a pre-arranged plan and is not indicative of discretionary buying or selling based on new insights.

Keywords

STAG Industrial, STAG, Form 4, Insider Transaction, Director Compensation, Equity Incentive Plan, Larry T Guillemette, Share Acquisition, Real Estate Investment Trust, REIT