Dilley Michelle 4

What Happened Michelle Dilley, a director of STAG Industrial, received an award of 530 shares on July 15, 2026. The shares were issued under STAG’s 2011 Equity Incentive Plan in lieu of quarterly director fees. The shares were valued at an average price of $38.89, giving a reported value of roughly $20,612 (the fee amount cited in the filing is $20,625).

Key Details

• Transaction type: Award/Grant (code A) — shares issued in lieu of cash director fees
• Transaction date: July 15, 2026; Form filed July 16, 2026 (timely)
• Price used for valuation: $38.89 per share (10-day average closing price ending July 10, 2026)
• Shares issued: 530 shares; reported total value ≈ $20,612 (filing references $20,625 in fees)
• Shares owned after transaction: Not reported in the information provided here
• Footnote: Issuance pursuant to the 2011 Equity Incentive Plan in lieu of quarterly fees; no 10b5-1 plan, tax withholding, or late filing noted in the provided data

Context This was a compensation-related issuance (director fees paid in stock), a routine corporate practice that compensates directors without requiring an open-market purchase. Such awards reflect standard pay elections rather than an open-market purchase or sale by an insider and should be interpreted accordingly.