Broadstone Net Lease, Inc. (BNL) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-01

Key Insights

Director Laurie A. Hawkes received 4,987 shares of restricted stock as non-employee director compensation on May 1, 2026, with vesting occurring within approximately one year, indicating routine annual director compensation.
The restricted stock grant carries zero purchase price, confirming this is a compensation award rather than an insider purchase, which provides limited signal about management's confidence in the stock's future price.
Hawkes' total beneficial ownership stands at 145,683 shares held indirectly through a trust, suggesting established long-term investment in BNL despite the modest annual equity compensation grant.
No derivative securities or options were granted in this transaction, indicating the compensation structure relies on direct equity awards rather than performance-based instruments with future exercise potential.

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Earlier Insider Trading filings

Filed: 2026-05-01

Director Richard P. Imperiale received a grant of 4,987 restricted stock units valued at $0 per share on May 1, 2026, representing standard non-employee director compensation under BNL's equity incentive plan.
The restricted stock will vest on the earlier of May 1, 2027 or the next annual stockholder meeting (provided it occurs at least 50 weeks after the 2027 annual meeting), creating a one-year vesting schedule typical for director compensation.
Post-transaction, Imperiale beneficially owns 21,250 shares directly, indicating established director ownership but not a significant accumulation pattern that would suggest high insider confidence.
The transaction was executed at $0 grant price, consistent with equity awards rather than open market purchases, limiting inference about insider sentiment on current stock valuation.

Filed: 2026-05-01

Director Michael A. Coke received a restricted stock award of 4,987 shares on May 1, 2026, as part of standard non-employee director compensation with vesting occurring within approximately one year, indicating routine equity grants rather than extraordinary compensation.
The reporting person holds 62,950 total shares directly (including 4,987 unvested restricted stock) plus 22,952 shares indirectly through a family trust, demonstrating meaningful personal investment aligned with shareholder interests.
The acquisition was made at $0 price per share, which is typical for restricted stock grants and represents no cash outlay by the director, consistent with standard director compensation practices for net lease REITs.

Filed: 2026-05-01

Director James H. Watters acquired 4,987 shares of restricted stock on May 1, 2026, as part of non-employee director compensation under BNL's 2020 Omnibus Equity Incentive Plan, with vesting scheduled for May 1, 2027 or the next annual shareholder meeting.
The grant was made at $0 consideration, indicating this is a compensation award rather than a market purchase, which is typical for director equity grants and represents alignment of management interests with shareholders.
Watters' total beneficial ownership following the transaction stands at 127,349 shares, with 4,987 shares currently unvested, demonstrating meaningful equity stake in the company as a board member.

Filed: 2026-05-01

Director Jessica Duran received a grant of 4,987 restricted stock shares on May 1, 2026, as part of standard non-employee director compensation under BNL's equity incentive plan, with full vesting scheduled for May 1, 2027 or the next annual shareholder meeting.
The transaction represents routine director compensation with no stock price paid ($0), indicating this was a grant rather than an open market purchase, reflecting typical board member equity incentivization practices.
Duran's total beneficial ownership increased to 30,560 shares following this transaction, demonstrating ongoing board member alignment with shareholder interests through equity ownership.

Filed: 2026-05-01

Director Saffire Joseph received a restricted stock grant of 4,987 shares valued at approximately $0 (likely a nominal price grant), representing a routine non-employee director compensation award granted on May 1, 2026.
The restricted stock vests on the earlier of May 1, 2027 or the next annual shareholder meeting (if at least 50 weeks after the 2027 annual meeting), indicating a standard one-year vesting schedule aligned with director compensation policies.
Post-transaction beneficial ownership increased to 21,250 shares held directly, suggesting this director maintains a meaningful equity stake in BNL alongside the new grant.

Filed: 2026-05-01

Director Felice Laura L. received a grant of 4,987 shares of restricted stock on May 1, 2026, as part of non-employee director compensation under BNL's 2020 Omnibus Equity Incentive Plan, with vesting occurring in approximately one year or at the next annual stockholders meeting.
The restricted stock grant carries zero dollar purchase price, indicating this is a compensation award rather than an insider purchase, which is typical for director equity incentives but provides no signal about management's confidence in the stock price.
Following this transaction, the director beneficially owns 33,637 shares total (including 4,987 unvested restricted shares), representing a meaningful but not substantial stake that suggests moderate alignment with shareholders but not a major concentrated position.

Filed: 2026-05-01

Director David M. Jacobstein received a grant of 4,987 restricted stock units on May 1, 2026, as part of standard non-employee director compensation under BNL's equity incentive plan, indicating routine annual director compensation practices.
The restricted shares will vest on the earlier of May 1, 2027, or the next annual stockholder meeting (if at least 50 weeks after the 2027 annual meeting), aligning director incentives with shareholder meetings and long-term value creation.
Jacobstein's total beneficial ownership stands at 70,620 shares following the transaction, comprising 4,987 unvested restricted shares, 20,559 IRA-held shares, and 16,402 trust-held shares, demonstrating established equity stake in the company.
The $0 price notation for the restricted stock grant reflects that this was a compensation grant rather than a market purchase, typical for director equity awards under equity incentive plans.

Filed: 2026-03-16

The reporting person, Molly Wiegel, acquired 9,917 shares of Broadstone Net Lease, Inc. (BNL) common stock on March 12, 2026, likely due to the vesting of performance-based awards.
Wiegel also disposed of 3,576 shares to cover tax obligations, indicating a net increase in her beneficial ownership of BNL shares.
The total number of BNL shares beneficially owned by Wiegel, including unvested restricted stock, is 72,296.72, suggesting she holds a significant stake in the company.

Filed: 2026-03-16

The reporting person, Michael B. Caruso, acquired 12,397 shares of Broadstone Net Lease, Inc. (BNL) common stock through a performance-based award, indicating the company's commitment to incentivizing key executives.
Caruso also sold 4,470 shares to cover tax obligations, suggesting he is managing his equity holdings in the company in a prudent manner.
With 69,293 shares of unvested restricted stock, Caruso's interests remain closely aligned with the company's long-term performance and shareholders' interests.

Filed: 2026-03-16

The reporting person, John Callan, acquired 12,397 shares of Broadstone Net Lease, Inc. (BNL) common stock, representing an increase in his direct ownership of the company's shares.
Callan also had 4,470 shares withheld by the issuer to cover tax obligations related to the vesting of restricted stock, indicating a partial disposition of his holdings.
A significant portion of Callan's shares, 63,612, remain unvested, suggesting his long-term alignment with the company's performance through equity-based compensation.

Filed: 2026-03-16

The reporting person, Kevin Fennell, who is the EVP, CFO and Treasurer of Broadstone Net Lease, Inc. (BNL), acquired 55,778 shares of common stock on March 12, 2026, likely through a performance-based award. This suggests the company's performance metrics were met, which could be a positive indicator for investors.
Fennell also disposed of 28,475 shares on the same date, likely to cover tax obligations related to the vesting of the performance-based awards. This type of transaction is common for executives and should not be overly concerning for investors.
After the reported transactions, Fennell holds 220,036.11 shares of common stock, including 133,950 shares of unvested restricted stock. This indicates he maintains a substantial equity stake in the company, which can be viewed as aligning his interests with those of other shareholders.

Filed: 2026-03-16

The reporting person, Jennie O'Brien, who is the SVP and Chief Accounting Officer of Broadstone Net Lease, Inc. (BNL), acquired 9,917 shares of common stock on 03/12/2026 upon the determination of achievement of specified criteria in a three-year performance period.
The reporting person also had 50,077 shares of unvested restricted stock as part of her total beneficial ownership of 78,043.794 shares of common stock.
The reporting person disposed of 3,576 shares on 03/12/2026 to cover tax obligations, indicating the company's equity compensation practices.

Filed: 2026-03-16

Insider Ryan M. Albano, the President and COO, acquired a significant amount of 111,557 shares of Broadstone Net Lease, Inc. (BNL) on March 12, 2026, indicating his confidence in the company's performance.
Albano also sold 56,950 shares to cover tax obligations, suggesting he is holding onto a substantial portion of his equity stake in the company.
The vesting of performance-based awards and the continued ownership of a significant amount of unvested restricted stock (183,089 shares) by Albano suggest the company's long-term incentive plans are aligning management's interests with shareholders.

Filed: 2026-03-16

CEO John David Moragne acquired 148,741 shares of Broadstone Net Lease, Inc. (BNL) through performance-based awards, increasing his direct ownership to 576,550 shares.
Moragne also sold 75,933 shares to cover tax obligations, suggesting some liquidity needs but continued confidence in the company.
With over 650,000 shares beneficially owned, including unvested restricted stock, Moragne maintains a significant equity stake and alignment with shareholder interests.

Filed: 2026-03-04

The reporting person, Jennie O'Brien, is the SVP and Chief Accounting Officer of Broadstone Net Lease, Inc. (BNL) and has acquired 8,536 shares of restricted stock under the company's 2020 Omnibus Equity and Incentive Plan.
O'Brien has also disposed of 4,799 shares to cover tax obligations related to the vesting of previous restricted stock awards, indicating the company's policy of withholding shares to satisfy tax liabilities.
Following the reported transactions, O'Brien now beneficially owns 71,702.794 shares of BNL, including 50,077 unvested restricted shares, suggesting ongoing alignment between the executive's interests and those of shareholders.

Other reports for Broadstone Net Lease, Inc.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.