STAG Industrial Director Colbert Virgis Receives 417 Shares
$STAG · STAG Industrial, Inc.Research Summary
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STAG Industrial Director Colbert Virgis Receives 417 Shares
What Happened
Colbert Virgis, a director of STAG Industrial, was issued 417 shares on July 15, 2026, valued at $38.89 per share for a total of $16,217. The shares were granted under STAG Industrial’s 2011 Equity Incentive Plan in lieu of $16,250 of quarterly director fees and were valued using the 10‑day average closing price through July 10, 2026. The securities are held in a trust for the reporting person, for which he is trustee. This was an awarded issuance (transaction code A) as director compensation, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-07-15; filing date: 2026-07-16 (timely filing).
- Price per share used for valuation: $38.89 (10-day average through July 10, 2026).
- Shares issued: 417; total value reported: $16,217 (rounded from $16,250 fee).
- Shares held after transaction: not specified in the provided filing details.
- Footnotes: (F1) Shares issued under the 2011 Equity Incentive Plan in lieu of quarterly fees; (F2) Securities are held in a trust for the reporting person, who is trustee.
- Transaction type: Award/Acquisition (A) — compensation issuance, not a market trade.
Context
Director equity awards paid in lieu of cash fees are common and typically reflect routine compensation rather than a direct statement of market sentiment. The shares were granted as compensation and not immediately sold or exercised; therefore this transaction should be viewed as a compensation event rather than an insider purchase or disposition.