Form 4: Broadstone Net Lease SVP Molly Wiegel Reports Stock Transactions
SEC Form 4 Filing
Molly Wiegel, SVP of Human Resources & Admin at Broadstone Net Lease, reports the acquisition and disposal of company stock related to tax obligations and restricted stock awards.
Summary
- On February 28, 2025, Molly Wiegel, SVP of Human Resources & Admin at Broadstone Net Lease, engaged in stock transactions.
- 2,208 shares were disposed of at $16.81 to cover tax obligations related to vesting shares.
- 7,570 shares of restricted stock were acquired at $0 pursuant to the company's 2020 Omnibus Equity and Incentive Plan.
- Following these transactions, Wiegel beneficially owns 62,041.72 shares, including 40,644 unvested restricted shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. There's no indication of unusual activity or concern.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
Future Outlook
The vesting schedule of the restricted stock suggests a multi-year commitment by the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
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 disposal for tax obligations and restricted stock award. |
| 02/28/2025 | Date of restricted stock vesting anniversary for the next four years. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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