John David Moragne - Jul 16, 2021 Form 4 Insider Report for Broadstone Net Lease, Inc. (BNL)

Role
EVP & Chief Operating Officer
Signature
John D. Moragne
Stock symbol
BNL
Transactions as of
Jul 16, 2021
Transactions value $
$56,334
Form type
4
Date filed
7/16/2021, 05:00 PM
Previous filing
Jun 24, 2021
Next filing
Sep 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNL Common Stock Award $56.3K +2.65K +3.1% $21.25 88.2K Jul 16, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of stock issued to the Reporting Person on July 16, 2021 as earnout consideration paid to the owners of our former external manager. The price of shares issued is based upon the contractually agreed price per share in the merger agreement. The Reporting Person's right to receive the additional shares as earnout consideration became fixed and irrevocable on February 7, 2020, the effective date of the internalization of our former external manager under the terms of the merger agreement.
F2 This amount includes 38,946 shares of unvested restricted stock.
F3 The reported shares are owned jointly with the reporting person's spouse, with respect to which the reporting person shares voting and investment power.