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

William D. Garner, SVP of Acquisitions at Broadstone Net Lease, reports acquisition of restricted stock and disposal of shares to cover tax obligations.

Summary

• On February 28, 2025, William D. Garner, SVP of Acquisitions at Broadstone Net Lease, engaged in transactions involving the company's common stock.
• Garner disposed of 3,148 shares at $16.81 to cover tax obligations related to vesting shares.
• He also acquired 9,463 shares of restricted stock under the company's 2020 Omnibus Equity and Incentive Plan.
• Following these transactions, Garner beneficially owns 80,008 shares, including 65,203 unvested restricted shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• Acquisition of 9,463 restricted shares shows continued alignment with the company's long-term success.

Future Outlook

The restricted stock vests ratably on each of the first, second, third, and fourth anniversaries of February 28, 2025.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders. This filing indicates routine compensation and tax-related transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily concern insider trading regulations and executive compensation.

Key Dates