Form 4: STAG Industrial Director Acquires Shares in Lieu of Fees

Christopher P. Marr, a director of STAG Industrial, acquired 540 shares of common stock in lieu of quarterly fees.

Summary

• Christopher P. Marr, a director of STAG Industrial, Inc., acquired 540 shares of common stock on October 15, 2024.
• The shares were issued under the company's 2011 Equity Incentive Plan as compensation for director services.
• The shares were valued at $38.19 each, based on the average closing price for the 10-day period ending October 9, 2024.
• Following the transaction, Marr directly owns 5,343 shares and indirectly owns 20,152 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition reflects the director's continued investment in the company.
• The use of equity in lieu of cash preserves company cash flow.

Industry Context

Director compensation in the form of stock is a common practice in publicly traded companies, aligning director interests with shareholder value.

Comparison to Industry Standards

• Many REITs compensate directors with a mix of cash and equity.
• The specific amount and form of compensation vary based on company size, performance, and industry norms.
• Comparing STAG Industrial's director compensation to peers like Prologis (PLD) or Duke Realty (DRE) (prior to its acquisition by Prologis) would provide a benchmark.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders.
• It reinforces the director's commitment to the company's long-term success.

Key Dates