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

Director Chin Jit Kee acquired 454 shares of STAG Industrial, Inc. common stock in lieu of quarterly fees.

Summary

• On July 15, 2024, Chin Jit Kee, a director of STAG Industrial, Inc., acquired 454 shares of common stock.
• The shares were issued in lieu of quarterly fees of $16,250 for the director's services.
• The price per share was $35.75, based on the average closing price for the 10-day period ended July 10, 2024.
• Following the transaction, Chin Jit Kee beneficially owns 7,145 shares of STAG Industrial, Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction of a director receiving shares in lieu of fees. It indicates alignment of interests but doesn't necessarily signal a major shift in the company's prospects.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Directors receiving equity in lieu of fees 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.
• This practice is comparable to companies like Prologis (PLD) and Duke Realty (DRE) (now part of Prologis), which also utilize equity incentive plans to compensate board members.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs.

Key Dates