[8-K] Broadstone Net Lease, Inc. Reports Material Event

Rhea-AI Filing Summary

Form 4 – Dentsply Sirona (XRAY): On 07/28/2025, President & CEO Simon D. Campion had 32,566 common shares automatically withheld (Code F) at $16.07 to cover taxes triggered by the vesting of previously granted RSUs and related dividend-equivalent units. No open-market trade occurred.

• Cash value of withholding: ≈ $239,838.
• Shares now owned directly: 239,837.9801.
• No derivative securities were transacted.

This appears to be a routine compensation-related tax settlement; the executive maintains a substantial equity stake, suggesting continued alignment with shareholder interests.

Positive

• CEO retains nearly 240 k shares, maintaining significant skin in the game and alignment with shareholders.
• Transaction is non-discretionary (tax withholding), avoiding negative perceptions of opportunistic selling.

Negative

• 32,566 shares removed from direct ownership, modestly reducing insider exposure.

Insights

Equity Compensation Analyst

TL;DR Routine tax-withholding on RSU vesting; neutral signal—no directional intent, sizeable stake remains.

The Code F transaction indicates shares surrendered to satisfy payroll taxes, not an elective sale. While the CEO’s direct stake fell by about 12%, he still holds ~240 k shares, keeping meaningful exposure to share-price performance. There were no option exercises or new grants, so dilution or accretion effects are negligible. From a governance perspective, such filings reinforce compensation transparency but rarely move markets. Overall, impact on valuation or sentiment is neutral.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_____________________

FORM 8-K

_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 30, 2025

________________________________________________________

BROADSTONE NET LEASE, INC.

(Exact name of Registrant as Specified in Its Charter)

________________________________________________________

Maryland			001-39529			26-1516177
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)
207 High Point Drive Suite 300
Victor, New York						14564
(Address of Principal Executive Offices)						(Zip Code)

Registrant’s Telephone Number, Including Area Code:585 287-6500

(Former Name or Former Address, if Changed Since Last Report)

________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.00025 par value

BNL

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 30, 2025, Broadstone Net Lease, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Additionally, on July 30, 2025, the Company made available on its website an updated presentation containing quarterly supplemental information pertaining to its operations and financial results including the quarter ended June 30, 2025. A copy of the quarterly supplemental information is attached hereto as Exhibit 99.2 and is incorporated herein by reference. The press release and quarterly supplemental information are also available on the Company’s website.

The information contained in this Item 2.02, including the information contained in the press release attached as Exhibit 99.1 hereto and quarterly supplemental information attached as Exhibit 99.2 hereto, are being “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. References to the Company’s website in this Current Report on Form 8-K and in the attached Exhibit 99.1 and Exhibit 99.2 to this Current Report on Form 8-K do not incorporate by reference the information on such website into this Current Report on Form 8-K and the Company disclaims any such incorporation by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

INDEX TO EXHIBITS

Exhibit No.			Description
99.1			Press Release dated July 30, 2025
99.2			Quarterly Supplemental Information for the Quarter Ended June 30, 2025
104			Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

									BROADSTONE NET LEASE, INC.
Date:			July 30, 2025			By:			/s/ John D. Callan
									Name: John D. Callan Title: Senior Vice President, General Counsel and Secretary

FAQ

What did XRAY's CEO report in the latest Form 4?

Simon D. Campion reported 32,566 shares withheld to pay taxes on vested RSUs.

Was the transaction an open-market sale?

No. Code F denotes shares automatically surrendered for tax withholding, not a discretionary sale.

How many XRAY shares does the CEO now own?

After the withholding, Campion directly owns 239,837.9801 common shares.

At what price were the shares valued for tax purposes?

The shares were valued at $16.07 each, totaling roughly $239,838.

Does this filing signal bullish or bearish sentiment?

Generally neutral—it's a routine compensation-related adjustment rather than a market-timed trade.