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

Director Larry T. Guillemette acquired 1,042 shares of STAG Industrial, Inc. in lieu of quarterly fees.

Summary

• On January 15, 2025, Larry T. Guillemette, a director of STAG Industrial, Inc., acquired 1,042 shares of common stock.
• The shares were issued in lieu of quarterly director fees of $35,000.
• The price per share was $33.58, based on the average closing price for the 10-day period ended January 8, 2025.
• Following the transaction, Guillemette directly owns 44,666 shares of STAG Industrial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash compensation is generally viewed as a positive sign, indicating confidence in the company's future.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• Using equity in lieu of cash preserves cash for the company.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the REIT industry.
• Companies like Prologis and Duke Realty (now part of Prologis) also utilize equity-based compensation for their directors.
• The amount of equity granted varies based on company size, performance, and board responsibilities.

Related Party Transactions

• The issuance of shares to Larry T. Guillemette in lieu of director fees is a related party transaction.

Stakeholder Impact

• Shareholders are indirectly impacted as the company preserves cash by issuing shares instead of paying cash fees.
• The director's interests are further aligned with those of shareholders through increased equity ownership.

Key Dates