Form 4: Broadstone Net Lease Director Receives Equity Award

Richard P. Imperiale, a director of Broadstone Net Lease, Inc., was granted 6,263 shares of restricted stock on May 2, 2025, under the company's non-employee director compensation policy.

Summary

• On May 2, 2025, Richard P. Imperiale, a director of Broadstone Net Lease, Inc. (BNL), received an equity award.
• The award consists of 6,263 shares of restricted stock.
• The grant was made pursuant to 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 that the next annual meeting is at least 50 weeks after the 2025 annual meeting.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate governance practice of granting equity to directors, which is generally viewed positively as it aligns interests with shareholders. There are no indications of negative news or concerns.

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 director's compensation is tied to the company's performance through the equity award, incentivizing future growth and shareholder value.

Industry Context

Granting equity to board members is a common practice in REITs and other publicly traded companies to align their interests with shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the REIT industry.
• Companies like Realty Income (O) and Prologis (PLD) also utilize stock awards as part of their director compensation packages.
• The size of the award is likely benchmarked against peer companies of similar market capitalization and asset size.

Stakeholder Impact

• Shareholders benefit from the alignment of director interests with long-term company performance.
• The director is incentivized to contribute to the company's success.

Key Dates

Keywords

Broadstone Net Lease, Director Compensation, Equity Award, Restricted Stock, BNL, Vesting