Form 4: STAG Industrial Director Acquires Shares

STAG Industrial Director Jeffrey D. Furber acquired 568 shares of common stock on January 15, 2026, as compensation for his services.

Summary

• Director Jeffrey D. Furber acquired 568 shares of STAG Industrial, Inc. common stock.
• The transaction occurred on January 15, 2026.
• The shares were valued at $37.36 each, based on the average closing price for the 10-day period ended January 12, 2026.
• This acquisition was compensation for quarterly director fees totaling $21,250.
• The shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended.
• Following this transaction, Mr. Furber beneficially owns 54,422 shares of common stock.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates a director's continued equity stake and alignment with shareholder interests through routine compensation, but it's a standard, non-eventful transaction.

Positives

• Director Jeffrey D. Furber increased his direct beneficial ownership in STAG Industrial, Inc. by 568 shares.
• The acquisition aligns the director's interests with those of shareholders.
• The compensation structure utilizes equity, reinforcing a long-term perspective for board members.

Future Outlook

NA

Industry Context

This transaction represents a routine equity compensation for a director, a common practice in publicly traded companies to align management and board interests with shareholder value. The use of stock in lieu of cash fees is a standard mechanism within the real estate investment trust (REIT) sector, where STAG Industrial operates, to conserve cash and promote long-term commitment.

Comparison to Industry Standards

• The practice of compensating directors with equity, as seen with STAG Industrial's 2011 Equity Incentive Plan, is a widely adopted corporate governance standard across various industries, including REITs like Prologis (PLD) and Duke Realty (DRE) before its acquisition, which also utilize stock-based compensation to align director incentives with long-term company performance.
• The valuation method, using an average closing price over a 10-day period, is a common and transparent approach for determining the fair value of shares issued as compensation, similar to practices observed in other S&P 500 companies for non-cash compensation.

Corporate Governance

Related Party Transactions

• Director Jeffrey D. Furber received 568 shares of common stock valued at $37.36 per share, totaling $21,250, in lieu of cash for his quarterly director fees.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests more closely with long-term shareholder value through increased equity ownership.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

STAG Industrial, STAG, Form 4, Insider Transaction, Director Compensation, Equity Incentive Plan, Share Acquisition, Jeffrey D. Furber