Form 4: Broadstone Net Lease Director Receives Stock Grant

Director Joseph Saffire received a grant of 6,263 shares of restricted stock from Broadstone Net Lease, Inc. on May 2, 2025.

Summary

• On May 2, 2025, Joseph Saffire, 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 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 that the next annual meeting is at least 50 weeks after the 2025 meeting.
• Following the transaction, Saffire beneficially owns 6,263 shares of unvested restricted stock.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice. The sentiment is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service by the director.

Future Outlook

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

Industry Context

Grants of restricted stock 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 grants, 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 reasonableness of the grant.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with those of the shareholders.
• Employees: The equity grant has no direct impact on employees.

Key Dates

Keywords

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