Form 4: Director Laurie Hawkes Receives Broadstone Net Lease Equity

Director Laurie A. Hawkes was granted 4,987 shares of restricted stock as part of Broadstone Net Lease's non-employee director compensation policy.

Summary

• Director Laurie A. Hawkes acquired 4,987 shares of restricted common stock on May 1, 2026.
• The grant was issued under the company's 2020 Omnibus Equity Incentive Plan and non-employee director compensation policy.
• The shares are held indirectly through a trust where the reporting person maintains sole voting and investment power.
• Total beneficial ownership following the transaction is 145,683 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of restricted stock is subject to the timing of the next annual meeting of stockholders.

Future Outlook

The restricted stock is scheduled to vest in full on May 1, 2027, or the date of the next annual meeting of stockholders, whichever occurs first, subject to specific conditions.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the REIT sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is consistent with standard practices among publicly traded REITs.
• The vesting schedule aligns with typical one-year director compensation cycles observed in the industry.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation event.

Next Steps

• Vesting of the 4,987 restricted shares on May 1, 2027.

Key Dates

Keywords

Broadstone Net Lease, BNL, Form 4, Insider Transaction, Director Compensation, Restricted Stock