Form 4: STAG Industrial Director Acquires Shares as Compensation

STAG Industrial Director Francis X. Jacoby III acquired 452 shares of common stock valued at $35.93 per share as part of his quarterly director fees.

Summary

• Francis X. Jacoby III, a Director of STAG Industrial, Inc., acquired 452 shares of common stock.
• The transaction occurred on October 15, 2025.
• The shares were acquired at a price of $35.93 per share.
• This acquisition was made pursuant to the company's 2011 Equity Incentive Plan, as amended.
• The shares were issued in lieu of quarterly fees totaling $16,250 for director services.
• The valuation of $35.93 per share was based on the average closing price for the 10-day period ended October 10, 2025.
• Following this transaction, Mr. Jacoby beneficially owns 32,934 shares of STAG Industrial common stock.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director is increasing their stake in the company, aligning interests with shareholders. However, it's a routine compensation event rather than a discretionary purchase, so the positive impact is moderate.

Positives

• Director Francis X. Jacoby III increased his direct ownership in STAG Industrial, aligning his interests further with shareholders.
• The issuance of shares as compensation demonstrates the company's use of equity-based incentives, which can foster long-term commitment from management and directors.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing, common across publicly traded companies where directors and executives receive equity as part of their compensation packages. It reflects a standard practice of aligning management incentives with shareholder interests through stock ownership.

Comparison to Industry Standards

• The practice of compensating directors with equity, such as common stock, is a widely accepted corporate governance standard across various industries, including Real Estate Investment Trusts (REITs) like STAG Industrial. This aligns director interests with long-term company performance and shareholder value.
• The valuation method, using an average closing price over a period, is a common and transparent approach for determining the value of equity compensation, consistent with industry benchmarks for fair valuation.

Related Party Transactions

• The issuance of shares to Director Francis X. Jacoby III in lieu of quarterly fees is a related party transaction, as it involves compensation to a member of the company's board.

Stakeholder Impact

• Shareholders: The transaction increases director ownership, potentially enhancing alignment of interests between the board and shareholders.
• 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, Insider Trading, Form 4, Director Compensation, Equity Incentive Plan, Common Stock, Share Acquisition