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

Larry T. Guillemette, a director of STAG Industrial, Inc., acquired 1,041 shares of common stock in lieu of quarterly fees.

Summary

• On April 15, 2025, Larry T. Guillemette, a director of STAG Industrial, Inc., acquired 1,041 shares of the company's common stock.
• The acquisition was made in lieu of quarterly fees of $35,000 for Guillemette's 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, Guillemette directly owns 39,707 shares of STAG Industrial, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating director alignment with shareholder interests. There are no indications of negative performance or concerns.

Positives

• The acquisition reflects the director's continued investment in the company.
• The use of equity in lieu of cash preserves company cash flow.

Industry Context

Directors receiving shares in lieu of fees is a common practice in publicly traded companies, aligning their interests with shareholders and conserving cash.

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 in line with industry standards for REIT director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
• It has a minor positive impact on the company by conserving cash.

Key Dates

Keywords

STAG Industrial, Director, Share Acquisition, Equity Incentive Plan, Form 4, Guillemette, Director Fees