Hawkes Laurie A. 4

What Happened Laurie A. Hawkes, a director of Broadstone Net Lease, Inc. (BNL), was granted an equity award of 4,987 shares of restricted common stock on May 1, 2026. The Form 4 reports an acquisition at $0.00 per share (total reported acquisition value $0) — these are compensation shares, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-01; transaction type: Award/Grant (code A).
• Shares granted: 4,987 restricted shares; reported as unvested in the filing.
• Price/value on Form 4: $0.00 per share (total $0 reported); market value would depend on BNL’s market price.
• Vesting: Shares vest in full on the earlier of (i) May 1, 2027, or (ii) the date of the issuer’s next annual meeting of stockholders, provided that meeting is at least 50 weeks after the 2027 annual meeting.
• Plan/authority: Award granted under Broadstone’s non-employee director compensation policy and the 2020 Omnibus Equity Incentive Plan (per filing footnote).
• Shares owned after the transaction: not specified in the filing; footnote notes certain shares are held by a trust for which Hawkes is trustee with sole voting and investment power.
• Filing timeliness: Reported with a Period of Report = 2026-05-01 (no late filing flag indicated).

Context Restricted stock grants are a common form of director compensation and represent future economic interest contingent on vesting; they are not immediate buy/sell signals. Because these shares are unvested, they are typically not transferable until vesting conditions are met.