Form 4: STAG Industrial Director Acquires Shares in Lieu of Fees
SEC Form 4 Filing
Virgis Colbert, a director at STAG Industrial, acquired 483 shares of common stock in lieu of quarterly fees.
Summary
- On January 15, 2025, Virgis Colbert, a director of STAG Industrial, Inc., acquired 483 shares of common stock.
- The shares were issued under the company's 2011 Equity Incentive Plan in lieu of $16,250 in quarterly fees for director services.
- The shares were valued at $33.58 each, based on the average closing price for the 10-day period ending January 8, 2025.
- Following the transaction, Colbert beneficially owns 20,355 shares, some of which are held in a trust.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, but it's a routine transaction.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
- Using equity in lieu of cash preserves cash for the company.
Industry Context
Director share acquisitions are common in publicly traded companies as a form of compensation and alignment of interests.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 01/08/2025 | End date for the 10-day period used to calculate the average closing price of the shares. |
| 01/15/2025 | Date of the transaction where Virgis Colbert acquired shares. |
| 01/16/2025 | Date of signature for the Form 4 filing. |
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