Form 4: Broadstone Net Lease Executive Timothy Dieffenbacher Reports Stock Transactions
SEC Form 4 Filing
SVP & Chief Accounting Officer Timothy Dieffenbacher reports acquisition and disposal of Broadstone Net Lease (BNL) stock related to tax obligations and restricted stock awards.
Summary
- On February 28, 2024, Timothy Dieffenbacher, SVP & Chief Accounting Officer of Broadstone Net Lease, Inc. (BNL), reported transactions involving the company's common stock.
- 2,085 shares were disposed of to cover tax obligations at a price of $14.91 per share.
- 46,791 shares of restricted stock were acquired at $0 per share.
- Following these transactions, Dieffenbacher beneficially owns 82,447 shares, including 56,534 unvested restricted shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine stock transactions related to compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transactions (disposal and acquisition of shares). |
| 03/01/2024 | Date of signature by Attorney-in-Fact. |
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