How was the price determined for the STAG Industrial director share grant?

The shares were valued at the average closing price for the 10-day period ended January 12, 2026, which was $37.36 per share.

STAG Industrial director granted 434 shares

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

STAG Industrial, Inc. reported that director Benjamin S. Butcher received 434 shares of common stock on January 15, 2026 as a stock grant.

Q: What was the value of the STAG Industrial (STAG) director stock grant?

The 434-share grant was issued in lieu of quarterly director fees of $16,250 and was valued at an average share price of $37.36.

Q: Was the STAG (STAG) director transaction a purchase for cash or equity compensation?

The transaction was equity compensation, with shares issued under the 2011 Equity Incentive Plan in lieu of cash fees for board service.

STAG Industrial, Inc. director Benjamin S. Butcher received a stock grant as part of his board compensation.

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Rhea-AI Filing Summary

STAG Industrial, Inc. director Benjamin S. Butcher received a stock grant as part of his board compensation. On January 15, 2026, he was awarded 434 shares of common stock valued at $37.36 per share, in lieu of quarterly director fees of $16,250, under the company’s 2011 Equity Incentive Plan. After this grant, he beneficially owned 33,448 shares of STAG Industrial common stock, held directly.

Insider Trade Summary

Grant/Award: 434 shares

Grant/Award 1 txn

Insider Butcher Benjamin S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	434	$37.36	$16K

Holdings After Transaction: Common Stock — 33,448 shares (Direct)

Footnotes (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 January 12, 2026, which was $37.36.

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 434 shares of common stock on January 15, 2026 as a stock grant.

What was the value of the STAG Industrial (STAG) director stock grant?

The 434-share grant was issued in lieu of quarterly director fees of $16,250 and was valued at an average share price of $37.36.

How many STAG Industrial shares does Benjamin S. Butcher own after this transaction?

Following the grant, Benjamin S. Butcher beneficially owned 33,448 shares of STAG Industrial common stock, reported as held directly.

Was the STAG (STAG) director transaction a purchase for cash or equity compensation?

The transaction was equity compensation, with shares issued under the 2011 Equity Incentive Plan in lieu of cash fees for board service.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 01/20/2026 - 04:10 PM

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

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)
01/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/15/2026		A		434	A	$37.36⁽¹⁾	33,448	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 January 12, 2026, which was $37.36.

	/s/ Jeffrey M. Sullivan, Attorney-in-Fact	01/20/2026
	** 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.

Source: View Original Filing on SEC EDGAR