Dilley Michelle 4

What Happened Michelle Dilley, a director of STAG Industrial, received a grant/award of 559 shares on April 15, 2026. The filing reports the shares valued at $36.86 each (10-day average closing price ending Apr 10, 2026), for a total reported value of $20,605. This was an issuance of shares as director compensation (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
• Price/value: $36.86 per share; total reported value $20,605 (footnote cites quarterly fees of $20,625 that were satisfied with the shares).
• Shares acquired: 559.
• Shares owned after the transaction: not disclosed in the filing.
• Footnote: shares issued under STAG’s 2011 Equity Incentive Plan, in lieu of quarterly director fees; valuation used the 10-day average closing price ending April 10, 2026.
• No 10b5-1 plan, tax-withholding sale, or immediate sale of shares is noted.

Context Issuing shares in lieu of cash fees is a routine form of director compensation and doesn’t necessarily signal a bullish or bearish view by the insider. For retail investors, outright purchases by insiders can be a stronger sentiment indicator; awards mainly reflect compensation and alignment with shareholders.