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

Director Jeffrey D. Furber acquired 563 shares of STAG Industrial, Inc. common stock in lieu of quarterly fees.

Summary

• On April 15, 2024, Jeffrey D. Furber, a director of STAG Industrial, Inc., acquired 563 shares of common stock.
• The shares were issued in lieu of quarterly fees of $21,250 for his 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, Furber directly owns 50,264 shares of STAG Industrial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which is generally seen as a good sign. There are no indications of negative news or concerns.

Positives

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

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 issuance of shares to Jeffrey D. Furber in lieu of director fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares being issued.

Key Dates