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

Benjamin S. Butcher, a director at STAG Industrial, acquired 454 shares of common stock in lieu of quarterly fees.

Summary

• On July 15, 2024, Benjamin S. Butcher, a director of STAG Industrial, Inc., acquired 454 shares of common stock.
• The acquisition was in lieu of quarterly fees of $16,250 for his services as a director.
• The shares were valued at $35.75 each, based on the average closing price for the 10-day period ended July 10, 2024.
• Following the transaction, Butcher beneficially owns 8,758 shares of STAG Industrial common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, aligning interests with shareholders.

Positives

• The acquisition reflects the director's continued investment in the company.
• The acceptance of shares in lieu of fees demonstrates a commitment to the company's equity.

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) like STAG Industrial use equity-based compensation for directors.
• Companies such as Prologis and Duke Realty (prior to its acquisition) have similar compensation structures for their board members.
• The amount of equity granted in lieu of fees is within the typical range for REIT director compensation.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates