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

Benjamin S. Butcher, a director of STAG Industrial, Inc., acquired 483 shares of common stock in lieu of quarterly fees.

Summary

• On April 15, 2025, Benjamin S. Butcher, 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 the director's services.
• 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, Butcher beneficially owns 10,115 shares of STAG Industrial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of fees shows confidence, but it's a routine transaction.

Positives

• The director's acquisition of shares 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 equity in lieu of fees is a common practice in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) like STAG Industrial use equity-based compensation for directors.
• Companies such as Prologis (PLD) and Duke Realty (DRE) (now acquired by Prologis) have similar compensation structures for their board members.
• The amount of equity granted in lieu of fees is generally comparable to industry standards for REIT director compensation.

Related Party Transactions

• The acquisition of shares by the director in lieu of fees constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it is a standard compensation practice.
• It may have a slightly positive impact on the company's cash flow.

Key Dates

Keywords

STAG Industrial, Director, Share Acquisition, Form 4, Equity Incentive Plan, Beneficial Ownership