Form 4: STAG Director Wilbon Acquires Shares for Fees

STAG Industrial Director Vicki Lundy Wilbon acquired 452 shares of common stock on October 15, 2025, as compensation for her quarterly director fees, increasing her total beneficial ownership to 2,290 shares.

Summary

• Vicki Lundy Wilbon, a Director of STAG Industrial, Inc., acquired 452 shares of common stock.
• The transaction occurred on October 15, 2025.
• The shares were issued in lieu of quarterly director fees totaling $16,250.
• The shares were valued at $35.93 each, based on the average closing price for the 10-day period ended October 10, 2025.
• This acquisition was made pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended.
• Following this transaction, Ms. Wilbon beneficially owns a total of 2,290 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director increasing their equity stake, even through compensation, generally indicates alignment with shareholder interests and confidence in the company's future.

Positives

• Director Vicki Lundy Wilbon increased her beneficial ownership in STAG Industrial, Inc. by 452 shares, aligning her interests further with shareholders.
• The company utilizes an equity incentive plan to compensate directors, which is a common practice to foster long-term commitment and performance.

Future Outlook

NA

Industry Context

It is common practice in the REIT industry for directors to receive a portion of their compensation in equity, aligning their interests with shareholders. This transaction reflects a standard implementation of such a compensation structure.

Corporate Governance

Related Party Transactions

• Director Vicki Lundy Wilbon received 452 shares of common stock valued at $16,250 as compensation for her services as a director, which is a related party transaction under the company's 2011 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: Increased alignment of Director Vicki Lundy Wilbon's financial interests with those of common shareholders due to her increased equity ownership.
• Management: The transaction reflects the routine execution of approved director compensation policies.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled compensation event for a director, involving a relatively small number of shares. It does not contain any new material information that would fundamentally alter the investment thesis for STAG Industrial, Inc. Therefore, a 'hold' recommendation is appropriate, as this transaction alone is unlikely to significantly impact the stock's valuation or future performance.

Keywords

STAG Industrial, Form 4, Insider Transaction, Director Compensation, Equity Incentive Plan, Common Stock, Vicki Lundy Wilbon