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

Benjamin S. Butcher, a director at STAG Industrial, acquired 430 shares of common stock on April 15, 2024, in lieu of quarterly fees.

Summary

• On April 15, 2024, Benjamin S. Butcher, a director of STAG Industrial, Inc., acquired 430 shares of common stock.
• The acquisition was made 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, Butcher directly owns 8,304 shares of STAG Industrial common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, suggesting confidence. It's a routine transaction, so it's not overly significant.

Positives

• The director's acceptance of shares in lieu of fees demonstrates confidence in the company's value.

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.

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 minimal impact on stakeholders as it is a standard form of compensation for a director.

Key Dates