STAG Form 4: Director receives 574-share equity fee grant

Rhea-AI Filing Summary

STAG Industrial (STAG) Form 4: A company director received 574 shares of common stock on 10/15/2025, reported as an acquisition (Code A). The shares were issued under the 2011 Equity Incentive Plan in lieu of quarterly cash fees of $20,625, valued using a 10-day average closing price of $35.93 through October 10, 2025. Following the grant, the director beneficially owns 12,912 shares, held directly. This reflects routine equity compensation in stock rather than cash.

Insights

Equity compensation analyst

Routine director fee paid in stock; minimal impact.

This filing shows a director receiving 574 shares as equity compensation instead of a cash fee of $20,625. The valuation used an average closing price of $35.93 for the 10 trading days ending October 10, 2025.

The transaction is coded “A,” indicating an acquisition, and lifts direct beneficial ownership to 12,912 shares. This is a standard compensation mechanism and does not signal a strategic shift or operational change.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dilley Michelle

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	574	$35.93	$21K

Holdings After Transaction: Common Stock — 12,912 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dilley Michelle

(Last) (First) (Middle)

C/O STAG INDUSTRIAL, INC.

ONE FEDERAL STREET, FLOOR 23

(Street)

BOSTON MA 02110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STAG Industrial, Inc. [ STAG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2025		A		574	A	$35.93(1)	12,912	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were issued to the reporting person pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of quarterly fees of $20,625 for the reporting person's services as a director. The shares were valued at the average closing price of the shares for the 10-day period ended October 10, 2025, which was $35.93.

	/s/ Jeffrey M. Sullivan, Attorney-in-Fact	10/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did STAG (STAG) disclose in this Form 4?

A director acquired 574 shares of common stock on 10/15/2025 as equity compensation.

How were the shares valued in the STAG (STAG) Form 4?

They were valued at an average closing price of $35.93 for the 10-day period ended October 10, 2025.

What fees did the equity grant replace for STAG (STAG)?

It replaced quarterly director fees of $20,625.

What is the director’s beneficial ownership after the transaction for STAG (STAG)?

Direct beneficial ownership is 12,912 shares following the grant.

What transaction code appears in the STAG (STAG) Form 4?

The transaction is coded A, indicating an acquisition.

Under what plan were the shares issued for STAG (STAG)?

Under STAG Industrial, Inc.’s 2011 Equity Incentive Plan, as amended.