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 acquisition and disposal of common stock related to performance-based awards and tax obligations.
Summary
- Molly Wiegel, a Senior Vice President at Broadstone Net Lease, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 6, 2025, she acquired 343 shares of common stock at $0 related to performance-based awards granted on February 28, 2022.
- Also on March 6, 2025, 124 shares were disposed of at $16.84 to cover tax obligations related to the vesting of shares from the company's 2020 Omnibus Equity and Incentive Plan.
- Following these transactions, Wiegel directly owns 62,260.72 shares of Broadstone Net Lease, including 40,644 unvested restricted shares.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company insider, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they relate to routine stock transactions by a company insider.
Key Dates
| Date | Description |
|---|---|
| February 28, 2022 | Date of grant for performance-based awards. |
| February 28, 2025 | End date of the three year performance period. |
| March 6, 2025 | Date of stock acquisition and disposal. |
| March 10, 2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.