STAG Industrial Director Benjamin Butcher Receives 417 Shares

What Happened Benjamin S. Butcher, a director of STAG Industrial, Inc. (STAG), was issued 417 shares on July 15, 2026 as an award/grant (Form 4 code A). The shares were valued at $38.89 each (10‑day average closing price ended July 10, 2026), for a total reported value of $16,217. The shares were issued in lieu of quarterly director fees of $16,250 under STAG’s 2011 Equity Incentive Plan.

Key Details

• Transaction date and type: July 15, 2026 — Award/Grant (A) of 417 shares at $38.89 per share.
• Reported value: $16,217 (shares issued in lieu of $16,250 in cash fees).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Shares issued pursuant to the 2011 Equity Incentive Plan and valued using the 10‑day average closing price through July 10, 2026.
• Filing timeliness: Form filed July 16, 2026 — appears to be timely (Form 4 is generally due within two business days of the transaction).

Context This was a compensation issuance (shares in lieu of cash director fees), not an open‑market purchase or sale. Such awards are routine for board compensation and do not, by themselves, indicate the director’s market sentiment. The reported dollar amount is modest relative to large insider trades.