Form 4: STAG Industrial Director Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Director Francis X Jacoby III acquired 483 shares of STAG Industrial common stock in lieu of quarterly fees.
Summary
- On April 15, 2025, Francis X Jacoby III, a director of STAG Industrial, Inc., acquired 483 shares of common stock.
- The acquisition was made in lieu of quarterly fees of $16,250 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, Jacoby directly owns 32,035 shares of STAG Industrial common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash indicates confidence in the company's future.
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 to align their interests with those of shareholders.
Related Party Transactions
- The issuance of shares to the director in lieu of fees constitutes a related party transaction.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| April 10, 2025 | End date for the 10-day period used to calculate the average closing price of the shares. |
| April 15, 2025 | Date of the transaction where the director acquired shares. |
Keywords
STAG Industrial, Director, Share Acquisition, Form 4, Equity Incentive Plan, Director Fees, Common Stock
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