Form 4: Broadstone Net Lease Executive Ryan Albano Reports Stock Transactions
SEC Form 4 Filing
Ryan Albano, President & COO of Broadstone Net Lease, reports acquisition and disposal of common stock related to vesting and tax obligations.
Summary
- On February 28, 2024, Ryan Albano, President & COO of Broadstone Net Lease, engaged in transactions involving the company's common stock.
- Albano disposed of 8,116 shares to cover tax obligations at a price of $14.91 per share.
- He also acquired 119,397 shares of restricted stock with a value of $0.
- Following these transactions, Albano directly owns 268,578 shares, including 156,448 unvested restricted shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 119,397 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 standard practice and provide transparency into the trading activities of company insiders, allowing investors to monitor potential alignment or misalignment of interests.
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 |
|---|---|
| 02/28/2024 | Date of stock transactions (disposal and acquisition). |
| 02/28/2024 | Date of restricted stock award. |
| 03/01/2024 | Date of signature by Attorney-in-Fact. |
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