Jacoby Francis X III 4

What Happened Francis X. Jacoby III, a director of STAG Industrial, received an award of 440 shares on April 15, 2026. The shares were valued at $36.86 each (10-day average closing price through April 10, 2026), for a reported total value of $16,218. The award was issued in lieu of quarterly director fees.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (appears timely under the two-business-day rule).
• Transaction type: Award/Acquisition (shares issued in lieu of fees).
• Shares issued: 440 at $36.86 per share; reported total value $16,218.
• Footnote: Shares were issued under STAG Industrial’s 2011 Equity Incentive Plan in lieu of quarterly fees of $16,250; shares were valued using the 10-day average closing price ended April 10, 2026 ($36.86). The slight difference between the fee amount ($16,250) and the reported share value ($16,218) is due to valuation/rounding.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context Issuing shares in lieu of cash fees is a common, routine form of director compensation and does not by itself signal the director’s market view. This was an equity-award conversion of a fee obligation (not a market purchase or sale), so interpret it as compensation-related rather than a direct buy/sell indicator.