STAG Industrial, Inc. (NYSE: STAG) pays director fees through stock grant

Rhea-AI Filing Summary

Dilley Michelle reported acquisition or exercise transactions in this Form 4 filing.

Director Michelle Dilley received 530 shares of STAG Industrial, Inc. common stock as a grant under the 2011 Equity Incentive Plan, issued in lieu of $20,625 in quarterly director fees and valued at $38.89 per share. After this compensation award, she directly holds 14,553 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dilley Michelle

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	530	$38.89	$21K

Holdings After Transaction: Common Stock — 14,553 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 530 shares Grant valuation price: $38.89 per share Quarterly director fees: $20,625 +2 more

5 metrics

Shares granted 530 shares Common stock awarded to Director Michelle Dilley on 2026-07-15

Grant valuation price $38.89 per share Average closing price over 10-day period ended July 10, 2026

Quarterly director fees $20,625 Fees satisfied in shares instead of cash under equity plan

Post-transaction holdings 14,553 shares Shares directly owned by Michelle Dilley after the grant

Pricing period length 10 days Period used to calculate average closing price for the grant

Key Terms

2011 Equity Incentive Plan, average closing price, quarterly fees

3 terms

2011 Equity Incentive Plan financial

"pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended"

average closing price financial

"valued at the average closing price of the shares for the 10-day period"

The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.

quarterly fees financial

"in lieu of quarterly fees of $20,625 for the reporting person's services"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 04:38 PM Accepted by SEC EDGAR 07/16/2026 - 04:38 PM Learn about SEC filing dates

FAQ

What insider transaction did STAG (STAG) report for Director Michelle Dilley?

Director Michelle Dilley received 530 shares of STAG Industrial common stock as an equity grant, rather than making an open-market purchase, as part of her director compensation.

At what value were the shares granted to STAG (STAG) director Michelle Dilley?

The 530 shares granted to Michelle Dilley were valued at an average closing price of $38.89 per share, based on a 10-day period ended July 10, 2026.

How much in director fees did STAG (STAG) pay in stock to Michelle Dilley?

Michelle Dilley received shares in lieu of quarterly director fees totaling $20,625, with the compensation satisfied through an equity grant under STAG Industrial’s 2011 Equity Incentive Plan.

How many STAG (STAG) shares does Director Michelle Dilley hold after this grant?

Following the grant, Director Michelle Dilley directly holds 14,553 shares of STAG Industrial common stock, as reported in the Form 4 insider transaction filing.

Was the STAG (STAG) stock received by Michelle Dilley a market purchase?

No. The 530 shares were issued as a grant under the 2011 Equity Incentive Plan in lieu of cash director fees, not bought on the open market.

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 MASSACHUSETTS 02110

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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

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

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

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	07/15/2026		A		530	A	$38.89(1)	14,553	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 July 10, 2026, which was $38.89.

	/s/ Jeffrey M. Sullivan, Attorney-in-Fact	07/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)