Form 4: Broadstone Net Lease Executive Reports Stock Transactions
SEC Form 4 Filing
Michael B. Caruso, SVP at Broadstone Net Lease, reports acquisition and disposal of company stock related to vesting and tax obligations.
Summary
- On February 28, 2025, Michael B. Caruso, SVP of Underwriting & Strategy at Broadstone Net Lease, engaged in transactions involving the company's common stock.
- Caruso disposed of 5,005 shares to cover tax obligations at a price of $16.81 per share.
- He also acquired 11,355 shares of restricted stock with a value of $0, awarded under the 2020 Omnibus Equity and Incentive Plan.
- Following these transactions, Caruso beneficially owns 100,679 shares, including 75,224 unvested restricted shares.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 11,355 shares of restricted stock indicates continued alignment of the executive's interests with the company's long-term performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transactions: disposal of shares for tax obligations and acquisition of restricted stock. |
| 03/04/2025 | Date of signature by Attorney-in-Fact, John D. Callan Jr. |
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