Form 4: Broadstone Net Lease Director Hawkes Receives Equity Award

Director Laurie A. Hawkes receives 6,263 shares of restricted stock from Broadstone Net Lease, Inc. under the company's equity incentive plan.

Summary

• On May 2, 2025, Laurie A. Hawkes, a director of Broadstone Net Lease, Inc., was granted 6,263 shares of restricted stock.
• The grant was made under the Issuer's non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan.
• The restricted stock will vest on the earlier of May 2, 2026, or the date of the Issuer's next annual meeting of stockholders, provided the meeting is at least 50 weeks after the 2025 annual meeting.
• Following the transaction, Hawkes beneficially owns 130,696 shares of common stock indirectly through a trust where she serves as trustee.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard director compensation practice, indicating alignment of interests between management and shareholders.

Positives

• The equity award aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock.

Industry Context

Equity awards are a common form of compensation for directors of publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Director compensation packages, including equity awards, vary significantly across the REIT sector depending on company size, performance, and governance practices.
• Comparing Broadstone Net Lease's director compensation to peers like Realty Income (O), National Retail Properties (NNN), or W. P. Carey (WPC) would provide a benchmark for assessing the competitiveness and appropriateness of the award.

Stakeholder Impact

• The equity award aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
• The award has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Broadstone Net Lease, Director, Equity Award, Restricted Stock, Form 4, Hawkes, BNL