Broadstone Net Lease Director Richard Imperiale Buys 10,000 Shares

What Happened
Richard P. Imperiale, a director of Broadstone Net Lease, purchased a total of 10,000 common shares in two open-market transactions: 5,000 shares at $21.22 on 2026-08-20 (cost $106,100) and 5,000 shares at $21.10 on 2026-08-21 (cost $105,500), for a combined outlay of $211,600. These were purchases (code P), which are generally treated as a bullish signal because the insider added to his position rather than selling.

Key Details

• Transaction dates and prices:
  • 2026-08-20: 5,000 shares @ $21.22 = $106,100
  • 2026-08-21: 5,000 shares @ $21.10 = $105,500
• Transaction type: Open-market purchases (SEC code P).
• Filing date: Form 4 was filed on 2026-08-24 for a report period starting 2026-08-20. The filing has a timeliness mark of "L" (late filing), which reduces near-term transparency.
• Footnote: The filing notes (F1) that the reported ownership figure includes 4,987 shares of unvested restricted stock.
• Shares owned after transaction: The provided filing details indicate the ownership total includes 4,987 unvested restricted shares (per F1); the explicit total post-transaction share count was not specified in the data summarized here.

Context

• Purchases by directors are concrete additions to their holdings and are often viewed as more informative than routine sales, though they don’t prove future company performance.
• The late filing (if unintentional) is typically administrative; repeated or unexplained delays can be a concern for investors who rely on timely disclosure.
• No option exercises, sales, gifts, or tax-withholding actions were reported in these transactions.