Form 4: STAG Industrial Director Acquires Shares in Lieu of Fees, Corrects Previous Filing Error

A STAG Industrial director acquired 483 shares in lieu of quarterly fees and corrected a previous filing error regarding share ownership.

Summary

• Benjamin S. Butcher, a director at STAG Industrial, Inc., acquired 483 shares of common stock on January 15, 2025.
• These shares were issued in lieu of $16,250 in quarterly fees for his services as a director.
• The shares were valued at $33.58 each, based on the average closing price over the 10-day period ending January 8, 2025.
• A previous Form 4 filing on November 27, 2023, incorrectly reported the number of shares beneficially owned as 7,522, when the correct number was 7,488.
• This error resulted in an over reporting of direct holdings by 34 shares in subsequent filings.
• This filing corrects the error and accurately reflects the director's holdings as of January 15, 2025, with a total of 9,632 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction and a correction of a minor error. The share acquisition is a positive sign of director alignment, and the correction of the error is a standard practice. There is no indication of any negative sentiment.

Positives

• The director's acquisition of shares demonstrates continued alignment with the company's interests.
• The correction of the previous filing error ensures accurate reporting of share ownership.

Negatives

• A previous administrative error led to an over reporting of share holdings.

Risks

• Administrative errors in filings can lead to inaccuracies in reported ownership and potential compliance issues.

Industry Context

This is a routine filing related to director compensation and share ownership, which is common for publicly traded companies. The correction of the filing error is a standard practice to ensure accurate reporting.

Comparison to Industry Standards

• The practice of issuing shares in lieu of director fees is common among publicly traded companies as a way to align director interests with shareholder value.
• The correction of a filing error is a standard procedure to maintain transparency and compliance with SEC regulations.
• Other companies such as Prologis and Duke Realty also have similar director compensation plans involving equity.

Stakeholder Impact

• The share acquisition aligns the director's interests with those of shareholders.
• The correction of the filing error ensures accurate information for all stakeholders.

Key Dates

Keywords

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