Broadstone Net Lease (NYSE: BNL) CAO granted shares with tax withholding

Rhea-AI Filing Summary

Broadstone Net Lease, Inc. reported equity compensation activity for SVP and Chief Accounting Officer Jennie O'Brien. She received 9,917 shares of common stock at $0.00 per share as a grant tied to performance-based awards for a three-year period ending February 28, 2026, originally granted on February 28, 2023. To cover related tax obligations, 3,576 shares of common stock were withheld by the company at $18.97 per share, rather than sold on the open market. After these transactions, O'Brien directly holds 78,043.794 shares of common stock, which includes 50,077 shares of unvested restricted stock under the company's 2020 Omnibus Equity and Incentive Plan.

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

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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^*

O'Brien Jennie

(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, Chief Accounting Officer

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		9,917(1)	A	$0	81,619.794(2)	D
Common Stock	03/12/2026		F		3,576(3)	D	$18.97	78,043.794(2)	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. This amount includes 50,077 shares of unvested restricted stock.

3. 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., as Attorney-in-Fact	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).
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FAQ

What insider transactions did BNL executive Jennie O'Brien report on this Form 4?

Jennie O'Brien reported receiving 9,917 shares of Broadstone Net Lease common stock as a performance-based equity award and having 3,576 shares withheld by the company to satisfy tax obligations related to that vesting, all on March 12, 2026.

Was the BNL Form 4 transaction an open-market purchase or sale?

No open-market trades occurred. The filing shows a stock award granted at $0.00 per share and a separate disposition where 3,576 shares were withheld by Broadstone Net Lease to cover taxes, rather than being sold on the market.

How many BNL shares does Jennie O'Brien hold after these Form 4 transactions?

Following the reported grant and tax withholding, Jennie O'Brien directly holds 78,043.794 shares of Broadstone Net Lease common stock in total, including 50,077 shares of unvested restricted stock under the company’s 2020 Omnibus Equity and Incentive Plan.

What is the origin of the 9,917 BNL shares granted to Jennie O'Brien?

The 9,917 shares represent stock issued after determining achievement of specified criteria over a three-year performance period ending February 28, 2026, pursuant to performance-based awards originally granted on February 28, 2023 to Jennie O'Brien.

Why were 3,576 BNL shares disposed of in Jennie O'Brien’s Form 4?

The 3,576 shares were withheld by Broadstone Net Lease to cover Jennie O'Brien’s tax obligations triggered by the vesting of equity awards under the 2020 Omnibus Equity and Incentive Plan, rather than being a discretionary sale for investment reasons.

What role does the 2020 Omnibus Equity and Incentive Plan play in this BNL filing?

The 2020 Omnibus Equity and Incentive Plan is the framework under which Jennie O'Brien’s performance-based awards were granted and vested, generating the 9,917-share grant and prompting the 3,576-share tax withholding disposition reported in this Form 4 filing.