Form 4: Broadstone Net Lease SVP Roderick Pickney Reports Tax-Related Share Withholding
SEC Form 4 Filing
Roderick Pickney, SVP of Acquisitions at Broadstone Net Lease, reports the withholding of 1,983 shares to cover tax obligations related to vested shares.
Summary
- On February 28, 2024, Roderick Pickney, SVP of Acquisitions at Broadstone Net Lease, Inc. (BNL), had 1,983 shares of common stock withheld by the issuer to cover tax obligations.
- This withholding was related to the vesting of shares awarded under the company's 2020 Omnibus Equity and Incentive Plan.
- Following the transaction, Pickney beneficially owns 56,024.612 shares of BNL, which includes 14,838 shares of unvested restricted stock.
Sentiment
Score: 6
Explanation: The document reports a routine transaction (share withholding for taxes) related to executive compensation, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction where 1,983 shares were withheld for tax obligations. |
| 03/01/2024 | Date of signature by Attorney-in-Fact, John D. Callan Jr. |
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