Broadstone Net Lease grants shares to SVP

Broadstone Net Lease, Inc. reported that SVP & General Counsel John Callan received a grant of 12,397 shares of common stock, issued after achievement of performance criteria for a three-year period ending February 28, 2026.

Rhea-AI Filing Summary

Broadstone Net Lease, Inc. reported that SVP & General Counsel John Callan received a grant of 12,397 shares of common stock, issued after achievement of performance criteria for a three-year period ending February 28, 2026. To cover related tax obligations, 4,470 shares were withheld by the company at a price of $18.97 per share. Following these transactions, Callan directly owns 104,140 shares of common stock, which includes 63,612 shares of unvested restricted stock, held jointly with his spouse with shared voting and investment power.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Callan John

Role SVP & General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,397	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	4,470	$18.97	$85K

Holdings After Transaction: Common Stock — 104,140 shares (Direct)

Footnotes (4)

1. F1. Represents shares issued upon the determination of achievement of specified criteria in the three year performance period that ended on February 28, 2026 pursuant to performance-based awards granted on February 28, 2023.
2. F2. The reported shares are owned jointly with the reporting person's spouse, with respect to which the reporting person shares voting and investment power.
3. F3. This amount includes 63,612 shares of unvested restricted stock.
4. F4. Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the vesting of shares awarded pursuant to the Company's 2020 Omnibus Equity and Incentive Plan.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BNL report for SVP & General Counsel John Callan?

Broadstone Net Lease reported that SVP & General Counsel John Callan received a grant of 12,397 common shares. These were issued after performance criteria were met for a three-year period ending February 28, 2026, under prior performance-based awards.

How many Broadstone Net Lease (BNL) shares were withheld for taxes in this Form 4?

The company withheld 4,470 shares of Broadstone Net Lease common stock to cover John Callan’s tax obligations. The withholding occurred in connection with the vesting of shares under the company’s 2020 Omnibus Equity and Incentive Plan at $18.97 per share.

What is John Callan’s total BNL share ownership after these transactions?

After the reported transactions, John Callan directly owns 104,140 shares of Broadstone Net Lease common stock. This total includes 63,612 shares of unvested restricted stock that remain subject to vesting conditions under the company’s equity compensation arrangements.

How were the 12,397 BNL shares granted to John Callan determined?

The 12,397 shares were issued upon determining achievement of specified criteria over a three-year performance period ending February 28, 2026. They relate to performance-based awards originally granted on February 28, 2023, under the company’s long-term incentive structure.

Are John Callan’s BNL shares held jointly with another person?

The reported shares are owned jointly by John Callan and his spouse. He shares both voting and investment power over these Broadstone Net Lease common shares, as disclosed in the filing’s footnotes describing the ownership structure.

Does the tax withholding in the BNL Form 4 represent an open-market sale?

No. The 4,470 shares reported under code F represent shares withheld by the issuer to satisfy tax obligations. This is a tax-withholding disposition associated with vesting, not an open-market sale initiated by John Callan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/16/2026 - 04:11 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Callan John

(Last) (First) (Middle)

207 HIGH POINT DRIVE, SUITE 300

(Street)

VICTOR NY 14564

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Broadstone Net Lease, Inc. [ BNL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		A		12,397(1)	A	$0	108,610(2)(3)	D
Common Stock	03/12/2026		F		4,470(4)	D	$18.97	104,140(2)(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares issued upon the determination of achievement of specified criteria in the three year performance period that ended on February 28, 2026 pursuant to performance-based awards granted on February 28, 2023.

2. The reported shares are owned jointly with the reporting person's spouse, with respect to which the reporting person shares voting and investment power.

3. This amount includes 63,612 shares of unvested restricted stock.

4. Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the vesting of shares awarded pursuant to the Company's 2020 Omnibus Equity and Incentive Plan.

Remarks:

	/s/ John D. Callan, Jr.	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.