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

Virgis Colbert, a director at STAG Industrial, acquired 430 shares of common stock in lieu of quarterly fees.

Summary

• On April 15, 2024, Virgis Colbert, a director of STAG Industrial, Inc., acquired 430 shares of common stock.
• The shares were issued in lieu of quarterly fees of $16,250 for the director's services.
• The shares were valued at $37.71 each, based on the average closing price for the 10-day period ended April 10, 2024.
• Following the transaction, Colbert beneficially owns 18,993 shares held in a trust.

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 acquisition of shares by a director 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 routine part of STAG Industrial's equity compensation plan.

Comparison to Industry Standards

• Director compensation through equity is a standard practice among publicly traded REITs like STAG Industrial.
• Many REITs, such as Prologis (PLD) and Duke Realty (DRE) (now acquired by Prologis), use similar equity incentive plans to compensate directors and align their interests with shareholders.
• The amount of equity granted in lieu of fees appears consistent with typical director compensation packages in the REIT industry.

Related Party Transactions

• The issuance of shares to Virgis Colbert in lieu of fees is a related party transaction, as he is a director of the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates