Form 4: STAG Industrial Director Acquires Equity Compensation

STAG Industrial director Benjamin S Butcher received 434 shares of common stock as part of his compensation for board services.

Summary

• Benjamin S Butcher, a Director of STAG Industrial, Inc., acquired 434 shares of common stock.
• The transaction occurred on January 15, 2026.
• The shares were valued at $37.36 per share, based on the average closing price for the 10-day period ended January 12, 2026.
• This acquisition was made pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended.
• The shares were issued in lieu of quarterly fees totaling $16,250 for Mr. Butcher's services as a director.
• Following this transaction, Mr. Butcher beneficially owns 33,448 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director increasing their stake, even through compensation, generally aligns their interests with shareholders. It is a routine transaction and not indicative of significant operational changes.

Positives

• The director's beneficial ownership of common stock increased, further aligning his interests with those of shareholders.
• The use of equity compensation demonstrates a commitment to the company's long-term performance and shareholder value.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• The shares were issued to the reporting person pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of quarterly fees of $16,250 for the reporting person's services as a director.

Industry Context

It is common practice for publicly traded companies, particularly REITs like STAG Industrial, to compensate their non-employee directors with a combination of cash and equity to align their interests with long-term shareholder value. This transaction reflects a standard form of director compensation within the industry.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Director Benjamin S Butcher as compensation for his services constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction slightly increases director ownership, potentially enhancing alignment of interests. It also represents a minor dilution from the equity incentive plan.
• Directors: The transaction provides equity compensation for services, aligning their financial interests with the company's performance.

Key Dates

Keywords

STAG Industrial, STAG, Form 4, Insider Transaction, Director Compensation, Equity Incentive Plan, Common Stock, Beneficial Ownership