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

Christopher P. Marr, a director at STAG Industrial, acquired 576 shares of common stock in lieu of quarterly fees.

Summary

• On July 15, 2024, Christopher P. Marr, a director of STAG Industrial, Inc., acquired 576 shares of common stock.
• The acquisition was made in lieu of quarterly fees of $20,625.00 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, Marr directly owns 4,803 shares and indirectly owns 20,152 shares through a trust.

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 of confidence in the company's future.

Positives

• The director's acceptance of shares in lieu of fees demonstrates confidence in the company's value.
• The acquisition increases the director's alignment with shareholder interests.

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-based compensation is 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 by aligning director interests with company performance.

Key Dates