Form 4: Broadstone Net Lease Director Michael Coke Acquires Shares Through Equity Award

Director Michael Coke acquired 6,263 shares of Broadstone Net Lease restricted stock on May 2, 2025, as part of the company's non-employee director compensation policy.

Summary

• Michael Coke, a director of Broadstone Net Lease, Inc., acquired 6,263 shares of restricted stock on May 2, 2025.
• The acquisition was part of the Issuer's non-employee director compensation policy and the 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, Coke directly owns 47,963 shares, including unvested restricted stock.
• Coke also has indirect ownership of 22,952 shares held by a family trust where he is a co-trustee and beneficiary.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The equity award suggests confidence in the company's future performance.

Positives

• The equity award aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency regarding their transactions in the company's stock.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.
• The equity award is part of the overall compensation structure for non-employee directors.

Key Dates

Keywords

Broadstone Net Lease, Director, Michael Coke, Equity Award, Restricted Stock, Beneficial Ownership, Form 4