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

Christopher P. Marr, a director at STAG Industrial, acquired 570 shares of common stock in lieu of quarterly fees.

Summary

• On April 15, 2025, Christopher P. Marr, a director of STAG Industrial, Inc., acquired 570 shares of common stock.
• The acquisition was made in lieu of quarterly fees of $19,166.67 for his services as a director.
• The shares were valued at $33.60 each, based on the average closing price for the 10-day period ended April 10, 2025.
• Following the transaction, Marr directly owns 6,527 shares and indirectly owns 20,152 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash compensation can be seen as a sign of confidence and alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates confidence 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 companies of similar size and market capitalization.

Stakeholder Impact

• Shareholders may view the director's share acquisition positively, as it aligns their interests with the company's performance.
• The company benefits from conserving cash by issuing shares instead of paying cash fees.

Key Dates

Keywords

STAG Industrial, Director, Share Acquisition, Form 4, Equity Incentive Plan, Christopher P. Marr