Saffire Joseph 4

What Happened
Saffire Joseph, a director of Broadstone Net Lease, Inc. (BNL), received an equity award of 4,987 shares of restricted stock on May 1, 2026. The grant was recorded at $0.00 per share in the filing (an equity award/compensation grant, not an open-market purchase), so the filing shows $0 cash paid; the grant represents unvested compensation rather than an immediate sale or purchase.

Key Details

• Transaction date: 2026-05-01; transaction type: Award/Grant (code A); reported price: $0.00.
• Shares granted: 4,987 restricted shares (unvested).
• Shares owned after transaction: not specified in the provided filing data.
• Vesting: Shares vest in full on the earlier of (i) May 1, 2027; or (ii) the Issuer's next annual meeting of stockholders, provided that the next annual meeting is at least 50 weeks after the Issuer's 2027 annual meeting (see footnote).
• Filing timeliness: Reported on the same day (2026-05-01); no late filing indicated.

Context
Restricted stock awards to non-employee directors are common as part of board compensation and are typically subject to vesting conditions. Because these shares are unvested, they cannot be sold until they vest; the $0 reported price reflects that this is a compensation grant rather than a market transaction. This type of filing documents insider compensation and does not, by itself, indicate an immediate change in insider market exposure.