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

Director Virgis Colbert acquired 425 shares of STAG Industrial, Inc. common stock in lieu of quarterly fees.

Summary

• On October 15, 2024, Virgis Colbert, a director of STAG Industrial, Inc., acquired 425 shares of common stock.
• The shares were issued in lieu of quarterly fees of $16,250 for Colbert's services as a director.
• The shares were valued at $38.19 each, based on the average closing price for the 10-day period ended October 9, 2024.
• Following the transaction, Colbert beneficially owns 19,872 shares held in a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director taking shares instead of cash indicates confidence in the company's future performance.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice in publicly traded companies, aligning their interests with those of shareholders.

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 companies of STAG's size and market capitalization.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates