Chin Jit Kee 4
Research Summary
AI-generated summary
STAG Industrial Director Chin Jit Kee Receives 610-Share Award
What Happened
- Chin Jit Kee, a director of STAG Industrial, was issued 610 shares (transaction code A — award/grant) on April 15, 2026. The shares were valued at $36.86 each, for a total value of $22,485. This was an issuance in lieu of quarterly director fees, not an open-market purchase or sale.
Key Details
- Transaction date and price: April 15, 2026; 610 shares at $36.86 per share (10-day average closing price ended April 10, 2026).
- Total value: $22,485.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Shares issued under STAG’s 2011 Equity Incentive Plan, in lieu of quarterly fees of $22,500 (see footnote F1).
- Filing timeliness: Filed April 17, 2026 for an April 15 transaction — appears to be timely under Form 4 reporting rules.
- Transaction code: A (award/grant).
Context
- This was a compensation issuance (director fee paid in stock), which is routine and does not represent an open-market buy or sell by the director. The shares were valued using a 10-day average closing price; such awards are common for board compensation and don’t necessarily signal a change in insider sentiment.