Watters James H 4

What Happened
James H. Watters, a director of Broadstone Net Lease, Inc. (BNL), received an equity award of 4,987 restricted shares on May 1, 2026. The shares were granted under the company's non-employee director compensation policy and the 2020 Omnibus Equity Incentive Plan. The reported acquisition price is $0.00 (transaction code A), indicating no cash was paid by the insider.

Key Details

• Transaction date and filing: May 1, 2026 (filed the same day).
• Transaction type/code: Award/Grant (A).
• Shares granted: 4,987 restricted shares; reported value for the grant is $0.00.
• Vesting: Shares are unvested and will vest in full on the earlier of (i) May 1, 2027; or (ii) the date of the issuer's next annual meeting of stockholders, subject to a timing condition in the footnote.
• Plan: Granted under the Issuer’s non-employee director compensation policy and the 2020 Omnibus Equity Incentive Plan.
• Shares owned after transaction: Not specified in the provided excerpt.
• Timeliness: Filing appears timely (transaction and report dated the same day).

Context
This was a standard director compensation award of restricted stock — not a market purchase or sale. Because the shares are unvested, they do not provide immediate liquidity and may be forfeited if vesting conditions aren't met. Such grants are common for non-employee directors and are a routine form of compensation rather than a direct market signal about management’s view of the company. Watch for future Form 4 updates when/if the shares vest or are sold.