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Broadstone Net Lease (BNL) director receives 4,987-share restricted stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hawkes Laurie A. reported acquisition or exercise transactions in this Form 4 filing.

Broadstone Net Lease, Inc. reported that director Laurie A. Hawkes received an equity award of 4,987 shares of restricted common stock under the company’s non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan. The shares were granted at no cash price and are held indirectly through a trust where she has sole voting and investment power.

The restricted stock will vest in full on the earlier of May 1, 2027 or the date of the company’s next annual meeting of stockholders, subject to the stated timing condition. After this award, Hawkes’ indirect holdings total 145,683 shares of common stock, including the unvested restricted shares.

Positive

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Insider Hawkes Laurie A.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 4,987 $0.00 --
Holdings After Transaction: Common Stock — 145,683 shares (Indirect, By Trust)
Footnotes (1)
  1. On May 1, 2026, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person an equity award consisting of 4,987 shares of restricted stock pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan. Such shares of restricted stock will vest in full on the earlier of (i) May 1, 2027; and (ii) the date of the Issuer's next annual meeting of stockholders, provided that the next annual meeting of stockholders is at least 50 weeks after the date of the Issuer's 2027 annual meeting of stockholders. This amount includes 4,987 shares of unvested restricted stock. Shares of common stock owned by a trust of which the reporting person is the trustee and with respect to which the reporting person has sole voting and investment power.
Restricted stock award 4,987 shares Equity award granted on May 1, 2026
Award price per share $0.00 per share Grant/award acquisition, no cash paid
Total shares after transaction 145,683 shares Indirect holdings following award, including unvested restricted stock
Vesting date trigger May 1, 2027 Vests earlier of this date or next annual meeting, subject to timing condition
restricted stock financial
"an equity award consisting of 4,987 shares of restricted stock pursuant to the Issuer's non-employee director compensation policy"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
non-employee director compensation policy financial
"pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan"
2020 Omnibus Equity Incentive Plan financial
"pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan"
sole voting and investment power financial
"a trust of which the reporting person is the trustee and with respect to which the reporting person has sole voting and investment power"
SEC Form 4
FORM 4UNITED 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*
Hawkes Laurie A.

(Last)(First)(Middle)
207 HIGH POINT DRIVE, SUITE 300

(Street)
VICTOR NEW YORK 14564

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Broadstone Net Lease, Inc. [ BNL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026A4,987(1)A$0145,683(2)IBy Trust(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On May 1, 2026, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person an equity award consisting of 4,987 shares of restricted stock pursuant to the Issuer's non-employee director compensation policy (the "Policy") and 2020 Omnibus Equity Incentive Plan. Such shares of restricted stock will vest in full on the earlier of (i) May 1, 2027; and (ii) the date of the Issuer's next annual meeting of stockholders, provided that the next annual meeting of stockholders is at least 50 weeks after the date of the Issuer's 2027 annual meeting of stockholders.
2. This amount includes 4,987 shares of unvested restricted stock.
3. Shares of common stock owned by a trust of which the reporting person is the trustee and with respect to which the reporting person has sole voting and investment power.
Remarks:
/s/ John D. Callan, Jr., as Attorney-in-Fact05/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Broadstone Net Lease (BNL) disclose for Laurie A. Hawkes?

Broadstone Net Lease disclosed that director Laurie A. Hawkes received 4,987 shares of restricted common stock as an equity award. The grant was made under the non-employee director compensation policy and the 2020 Omnibus Equity Incentive Plan at no cash purchase price.

When do Laurie A. Hawkes’ new BNL restricted stock shares vest?

The 4,987 restricted shares granted to Laurie A. Hawkes vest in full on the earlier of May 1, 2027 or Broadstone Net Lease’s next annual stockholder meeting, provided that meeting occurs at least 50 weeks after the company’s 2027 annual stockholder meeting.

How many Broadstone Net Lease (BNL) shares does Laurie A. Hawkes hold after this award?

After receiving the 4,987-share restricted stock award, Laurie A. Hawkes indirectly holds a total of 145,683 shares of Broadstone Net Lease common stock. This total includes the newly granted unvested restricted shares held through a trust structure.

How are Laurie A. Hawkes’ BNL shares owned according to the Form 4?

The Form 4 states that Laurie A. Hawkes’ Broadstone Net Lease shares are owned indirectly by a trust. She serves as trustee of the trust and has sole voting and investment power over the common stock held in that vehicle.

Was Laurie A. Hawkes’ BNL restricted stock grant an open-market purchase?

The 4,987-share award to Laurie A. Hawkes was not an open-market purchase. It was a compensation-related grant of restricted stock made at zero dollar price per share under Broadstone Net Lease’s non-employee director compensation policy and equity incentive plan.