Albano Ryan M 4

What Happened

• Ryan Albano, President & COO of Broadstone Net Lease (BNL), was issued 111,557 shares as a performance-based award on 2026-03-12. Simultaneously, 56,950 of his shares were surrendered/withheld to cover tax obligations at $18.97 per share, totaling approximately $1,080,342. The award shares were granted at $0.00 (no cash purchase).

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (within normal 2-business-day filing window).
• Award: 111,557 shares issued (code A) at $0.00.
• Tax withholding: 56,950 shares withheld/disposed (code F) at $18.97 for proceeds of ~$1,080,342.
• Footnote F1: Shares issued upon achievement of performance criteria for the three-year performance period ended Feb 28, 2026 (awards initially granted Feb 28, 2023).
• Footnote F2: Ownership disclosure includes 183,089 shares of unvested restricted stock.
• Footnote F3: The 56,950-share disposition represents shares withheld by the issuer to cover the reporting person’s tax obligations on vesting.

Context

• This filing reflects a performance-based equity vesting event and routine tax withholding — not an open-market sale. The award increases Albano’s holdings on a net basis (111,557 granted minus 56,950 withheld = net +54,607 shares). For retail investors, grants/vests signal compensation realization based on company-set performance metrics; the tax withholding is an administrative step rather than a directional insider sale.