Form 4: Broadstone Net Lease SVP Acquires Shares and Disposes of Shares for Tax Obligations

John Callan, SVP & General Counsel of Broadstone Net Lease, reports acquisition of restricted stock and disposal of shares to cover tax obligations.

Summary

• On February 28, 2025, John Callan, SVP & General Counsel of Broadstone Net Lease, Inc., acquired 10,409 shares of restricted stock.
• These shares were awarded pursuant to the company's 2020 Omnibus Equity and Incentive Plan and vest ratably over four years.
• On the same day, Callan disposed of 4,153 shares to cover tax obligations related to the vesting of previously awarded shares.
• The price per share for the disposed shares was $16.81.
• Following these transactions, Callan beneficially owns 91,755 shares, which includes 67,718 unvested restricted shares.
• The reported shares are owned jointly with Callan's spouse, with shared voting and investment power.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are related to standard compensation practices. The acquisition of restricted stock is a positive sign, but the disposal of shares for tax obligations is a neutral event.

Positives

• The acquisition of restricted stock indicates confidence in the company's future performance.

Future Outlook

The restricted stock vests ratably over the next four years, suggesting a long-term commitment by the executive.

Industry Context

Form 4 filings are routine disclosures of insider transactions and are used by investors to gauge management's sentiment and confidence in the company.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related disposals.

Key Dates