JACOBSTEIN DAVID M 4
4 · Broadstone Net Lease, Inc. · Filed Oct 2, 2020
Insider Transaction Report
Form 4
JACOBSTEIN DAVID M
Director
Transactions
- Award
Common Stock
2020-10-01+1,785→ 31,307 total
Footnotes (3)
- [F1]On October 1, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 1,785 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]Includes 20,559 shares of common stock owned of record by an IRA for the account of the reporting person.
- [F3]On September 18, 2020, the Issuer effected a four-for-one stock split of its Common Stock and pursuant to which no fractional shares of Common Stock were issued (the "Recapitalization"). The amount of securities reported on this Form 4 has been adjusted to reflect the Recapitalization.