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

Michelle Dilley, a director at STAG Industrial, acquired 454 shares of common stock in lieu of quarterly fees.

Summary

• On July 15, 2024, Michelle Dilley, a director of STAG Industrial, Inc., acquired 454 shares of common stock.
• The shares were acquired in lieu of quarterly fees of $16,250 for her services as a director.
• 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, Ms. Dilley directly owns 10,335 shares of STAG Industrial common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash compensation can be seen as a positive sign, indicating confidence in the company's future performance.

Positives

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

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages vary across the REIT industry, but equity grants are a common component.
• Comparing STAG Industrial's director compensation structure to peers like Prologis (PLD) or Duke Realty (DRE) (prior to its acquisition by Prologis) would provide further context.

Stakeholder Impact

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

Key Dates