STAG director awarded 440 shares as fee

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

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 an award of 440 shares of common stock on April 15, 2026. The shares were issued under STAG Industrial, Inc.'s 2011 Equity Incentive Plan in lieu of quarterly director fees of $16,250, valued at an average price of $36.86 per share. Following this compensation grant, he directly holds 8,888 shares of STAG common stock.

Insider Trade Summary

Grant/Award: 440 shares

Grant/Award 1 txn

Insider Butcher Benjamin S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	440	$36.86	$16K

Holdings After Transaction: Common Stock — 8,888 shares (Direct)

Footnotes (1)

1. F1. 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 April 10, 2026, which was $36.86.

Key Figures

Shares granted: 440 shares Grant value: $16,250 Average share price: $36.86 per share +1 more

4 metrics

Shares granted 440 shares Common stock grant to director on April 15, 2026

Grant value $16,250 Quarterly director fees paid in stock

Average share price $36.86 per share Average closing price over 10 days ended April 10, 2026

Shares held after transaction 8,888 shares Director’s direct holdings following the grant

Key Terms

2011 Equity Incentive Plan, quarterly fees, average closing price, Form 4

4 terms

2011 Equity Incentive Plan financial

"pursuant to STAG Industrial, Inc.'s 2011 Equity Incentive Plan, as amended, in lieu of quarterly fees"

quarterly fees financial

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

average closing price financial

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

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did STAG (STAG) report for Benjamin S. Butcher?

STAG Industrial, Inc. reported that director Benjamin S. Butcher received 440 shares of common stock as a grant. The shares were issued under the company’s 2011 Equity Incentive Plan in lieu of $16,250 in quarterly director fees, rather than through an open-market purchase.

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

Benjamin S. Butcher received 440 shares of STAG Industrial, Inc. common stock. The shares were valued at an average closing price of $36.86 per share, reflecting $16,250 in quarterly director fees that were paid in stock under the company’s equity incentive plan.

Is the STAG (STAG) Form 4 transaction a stock purchase by the director?

The Form 4 transaction is not an open-market stock purchase. The 440 shares were issued to director Benjamin S. Butcher as a grant under STAG Industrial, Inc.'s 2011 Equity Incentive Plan, in lieu of $16,250 in quarterly cash fees for his board service.

How many STAG (STAG) shares does Benjamin S. Butcher hold after this grant?

After receiving the 440-share grant, Benjamin S. Butcher directly holds 8,888 shares of STAG Industrial, Inc. common stock. This updated holding reflects the compensation-related award made under the company’s 2011 Equity Incentive Plan for his quarterly director fees.

How was the share price determined for the STAG (STAG) director stock grant?

The share value for the grant to Benjamin S. Butcher was based on an average closing price. Specifically, STAG Industrial, Inc. used the average closing price of its shares for the 10-day period ended April 10, 2026, which was $36.86 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 04:53 PM Learn about SEC filing dates

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)
04/15/2026

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	04/15/2026		A		440	A	$36.86(1)	8,888	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 April 10, 2026, which was $36.86.

	/s/ Jeffrey M. Sullivan, Attorney-in-Fact	04/17/2026
	** 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)