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

Director Francis X Jacoby III acquired 425 shares of STAG Industrial, Inc. common stock in lieu of quarterly fees.

Summary

• On October 15, 2024, Francis X Jacoby III, a director of STAG Industrial, Inc., acquired 425 shares of common stock.
• The acquisition was made in lieu of quarterly fees of $16,250 for his services as a director.
• The shares were valued at $38.19 each, based on the average closing price for the 10-day period ended October 9, 2024.
• Following the transaction, Jacoby directly owns 31,069 shares of STAG Industrial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of fees suggests confidence in the company's future performance.

Positives

• The director's acquisition of shares demonstrates confidence in the company.

Industry Context

Director share acquisitions are common and often viewed positively as they align management's interests with those of shareholders. This transaction is a standard part of director compensation.

Comparison to Industry Standards

• Director compensation packages often include equity to align interests with shareholders.
• The amount of equity granted in lieu of fees appears to be within typical ranges for directors of publicly traded companies of similar size and scope to STAG Industrial.
• Comparing STAG's director compensation structure to peers like Prologis (PLD) or Duke Realty (DRE) (now part of Prologis) would provide further context, but specific details of those companies' arrangements would be needed.

Related Party Transactions

• The acquisition of shares by the director in lieu of fees is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates