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

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

Summary

• On April 15, 2024, Michelle Dilley, 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 her services as a director.
• The price per share was $37.71, based on the average closing price for the 10-day period ended April 10, 2024.
• Following the transaction, Ms. Dilley beneficially owns 9,881 shares of STAG Industrial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction of a director receiving equity compensation, which is a common and generally positive practice.

Positives

• The acquisition reflects the director's continued investment in the company.
• The use of equity in lieu of cash preserves cash for 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

• Equity compensation for board members is a common practice among publicly traded REITs like STAG Industrial.
• Comparable companies such as Prologis (PLD) and Duke Realty (DRE) (now acquired by Prologis) also utilize equity-based compensation for their directors.
• The amount of equity granted to directors typically varies based on company size, performance, and industry standards.

Stakeholder Impact

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

Key Dates