Form 4: STAG Industrial Director Boosts Stake with Share Acquisition

STAG Industrial Director Michelle Dilley acquired 552 shares of common stock on January 15, 2026, as part of her quarterly compensation.

Summary

• Michelle Dilley, a Director of STAG Industrial, Inc., acquired 552 shares of common stock.
• The transaction occurred on January 15, 2026, and was made pursuant to a Rule 10b5-1(c) plan.
• The shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended.
• This acquisition represents compensation for quarterly director fees totaling $20,625.
• The shares were valued at $37.36 each, based on the average closing price for the 10-day period ended January 12, 2026.
• Following this transaction, Michelle Dilley beneficially owns 13,464 shares of STAG Industrial, Inc. common stock.

Sentiment

Score: 6

Explanation: The filing indicates a routine, pre-planned acquisition of shares by a director as compensation, which is a neutral event. However, the increase in director ownership can be viewed slightly positively as it aligns management interests with shareholders.

Positives

• A director increasing their ownership stake aligns their interests more closely with those of other shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned, non-discretionary acquisition.

Negatives

• No direct negatives are apparent from this routine compensation filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

Compensating directors with equity is a common practice across industries, particularly in real estate investment trusts (REITs) like STAG Industrial, as it helps align the interests of board members with long-term shareholder value. This practice is consistent with broader corporate governance trends.

Comparison to Industry Standards

• The practice of compensating directors with equity, such as common stock, is a widely accepted industry standard for corporate governance, particularly within the REIT sector.
• This method is employed by numerous comparable companies to ensure directors' interests are aligned with long-term shareholder value, similar to practices seen at Prologis (PLD) and other publicly traded REITs.
• The specific value of $20,625 for quarterly fees falls within a typical range for director compensation at companies of STAG Industrial's size and market capitalization, though exact figures vary based on company performance, board responsibilities, and industry benchmarks.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Michelle Dilley, a director, as compensation for her services constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction increases the director's ownership stake, potentially enhancing alignment between the board and shareholder interests.

Key Dates

Keywords

STAG Industrial, STAG, Form 4, Insider Transaction, Director Compensation, Equity Incentive Plan, Michelle Dilley, Share Acquisition, Rule 10b5-1