Jacoby Francis X III 4
Research Summary
AI-generated summary
STAG Industrial (STAG) Director Jacoby Francis X III Receives Award
What Happened
- Jacoby Francis X III, a director of STAG Industrial, received 417 shares of STAG common stock on July 15, 2026. The shares were valued at $38.89 each for a total value of $16,217. The transaction is reported as an award/grant (code A).
Key Details
- Transaction date: 2026-07-15; Filing date: 2026-07-16 (timely).
- Price used: $38.89 per share (10-day average closing price ended July 10, 2026).
- Shares acquired: 417; aggregate value: $16,217.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnote: Shares were issued under STAG’s 2011 Equity Incentive Plan in lieu of $16,250 in quarterly director fees (valued using the 10‑day average).
- Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or late-filing indication noted.
Context
- This was an equity award issued in lieu of cash director fees — a routine corporate practice that converts compensation into stock. Such awards represent an acquisition of shares but are different from open-market purchases by insiders and do not necessarily signal a change in the insider’s view of the company.