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

Christopher P. Marr, a director at STAG Industrial, acquired 546 shares of common stock in lieu of quarterly fees.

Summary

• On April 15, 2024, Christopher P. Marr, a director of STAG Industrial, Inc., acquired 546 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 issued under the company's 2011 Equity Incentive Plan, as amended.
• 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, Marr directly owns 4,227 shares and indirectly owns 20,152 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating director alignment with the company's interests. There are no indications of negative news or concerns.

Positives

• The acquisition reflects the director's continued investment in the company.
• The use of equity in lieu of cash fees can be seen as a positive for the company's cash flow.

Industry Context

Directors receiving shares in lieu of fees is a common practice in publicly traded companies, aligning their interests with shareholders and conserving cash.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) like STAG Industrial use equity-based compensation for directors.
• Companies such as Prologis and Duke Realty (prior to its acquisition) have similar equity incentive plans for their board members.
• The amount of equity granted in lieu of fees is generally comparable to industry standards for director compensation at similarly sized REITs.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
• It has a minor positive impact on the company's cash flow by using equity instead of cash for director compensation.

Key Dates