STAG Industrial: director Benjamin S Butcher received 451 shares

What happened

• The Form 4 shows Benjamin S Butcher, a director, received 451 shares at $36.03 per share for a total value of $16,250.

Key details

• Transaction date and price: Oct 15, 2026; $36.03 per share; 451 shares; $16,250 total.
• Filing date: Oct 16, 2026.
• Shares owned after the transaction: not reported in the Form 4.
• Footnote: The shares were issued pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of quarterly fees of $16,250 for the reporting person's services as a director. The shares were valued at the average closing price for the 10-day period ended Oct 12, 2026, which was $36.03.

Why it may matter

• This was an award/grant of shares issued in lieu of director fees; it was not a market purchase or sale.
• A filing does not show why the insider traded or why the company acted.