STAG Industrial (NYSE: STAG) pays director fees with 417-share stock grant

Rhea-AI Filing Summary

Butcher Benjamin S reported acquisition or exercise transactions in this Form 4 filing.

STAG Industrial, Inc. director Benjamin S. Butcher received a grant of 417 shares of common stock on July 15, 2026, issued under the 2011 Equity Incentive Plan in lieu of $16,250 in quarterly director fees, valued at an average price of $38.89 per share based on a 10-day period ended July 10, 2026.

After this stock award, Butcher directly holds 9,305 shares of STAG Industrial common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Butcher Benjamin S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	417	$38.89	$16K

Holdings After Transaction: Common Stock — 9,305 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 417 shares Quarterly director fees amount: $16,250 Valuation price per share: $38.89 per share +1 more

4 metrics

Shares granted 417 shares Common stock awarded to director as quarterly fees on July 15, 2026

Quarterly director fees amount $16,250 Cash fees replaced by stock issued under the 2011 Equity Incentive Plan

Valuation price per share $38.89 per share Average closing price for the 10-day period ended July 10, 2026

Shares held after transaction 9,305 shares Benjamin S. Butcher’s direct STAG Industrial common stock holdings after the award

Key Terms

2011 Equity Incentive Plan, in lieu of quarterly fees, average closing price, 10-day period

4 terms

2011 Equity Incentive Plan financial

"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 financial

"in lieu of quarterly fees of $16,250 for the reporting person's services as a director"

average closing price financial

"The shares were valued at the average closing price of the shares for the 10-day period ended July 10, 2026"

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.

10-day period financial

"average closing price of the shares for the 10-day period ended July 10, 2026"

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Available on EDGAR 07/16/2026 - 05:10 PM Accepted by SEC EDGAR 07/16/2026 - 05:09 PM Learn about SEC filing dates

FAQ

What Form 4 transaction did STAG (STAG) director Benjamin S. Butcher report?

Benjamin S. Butcher reported receiving a grant of 417 STAG Industrial common shares as compensation. The award was issued under the 2011 Equity Incentive Plan in lieu of $16,250 in quarterly director fees, rather than as an open-market stock purchase.

How many STAG (STAG) shares did Benjamin S. Butcher receive and at what valuation?

He received 417 common shares, valued at an average price of $38.89 per share. That price was based on the average closing price over the 10-day period ended July 10, 2026, equating to $16,250 of director fees paid in stock.

Was Benjamin S. Butcher’s STAG (STAG) Form 4 transaction a market purchase or a stock award?

The transaction was a stock award, not a market purchase. Shares were issued pursuant to STAG Industrial’s 2011 Equity Incentive Plan in lieu of cash quarterly director fees, so it represents routine equity compensation rather than discretionary buying on the open market.

What are Benjamin S. Butcher’s STAG (STAG) share holdings after this award?

Following the award, Benjamin S. Butcher directly holds 9,305 shares of STAG Industrial common stock. This figure reflects his updated direct ownership position after receiving the 417-share grant for his services as a director during the quarter.

How was the number of STAG (STAG) shares for Benjamin S. Butcher’s fee award determined?

The grant satisfied $16,250 of quarterly director fees using an average price of $38.89 per share. That valuation was based on the average closing price of STAG Industrial shares over the 10-day period ending July 10, 2026, resulting in 417 shares issued.

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^*

Butcher Benjamin S

(Last) (First) (Middle)

C/O STAG INDUSTRIAL, INC.

ONE FEDERAL STREET, 23RD FLOOR

(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		417	A	$38.89(1)	9,305	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 $16,250 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)