Shekar Narasimhan - Oct 1, 2021 Form 4 Insider Report for Broadstone Net Lease, Inc. (BNL)

Role
Director
Signature
John D. Moragne, as Attorney-in-Fact
Stock symbol
BNL
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 05:01 PM
Previous filing
Jul 2, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNL Common Stock Award $0 +1.08K +1.46% $0.00 75.5K Oct 1, 2021 By Beekman Advisors, Inc. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2021, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 1,084 shares of the Issuer's common stock pursuant to the Issuer's director compensation and stock ownership policy (the "Policy"). Pursuant to the Policy, the Issuer's directors are entitled to receive an annual retainer (payable quarterly). In addition, the chairperson of the board, the lead independent director, and the chairperson and members of each of the Issuer's audit, compensation, nominating and corporate governance, and real estate investment committees are entitled to receive an annual stipend (payable quarterly). Pursuant to the Policy, directors may elect to receive all or a portion of the annual retainer and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer and stipend.
F2 The reported securities are owned by Beekman Advisors, Inc., of which the reporting person is the Managing Partner. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any purpose.