Felice Laura L. 4

What Happened Laura L. Felice, a director of Broadstone Net Lease, Inc. (BNL), was granted an equity award of 4,987 shares of restricted stock on May 1, 2026. The grant is reported as an award (code A) with an acquisition price of $0 (i.e., no cash paid). This is a non-market compensation grant to a non-employee director and is typically considered routine director compensation rather than a market purchase or sale.

Key Details

• Transaction date: 2026-05-01; transaction type: Award/Grant (A).
• Shares granted: 4,987 restricted shares; acquisition price reported as $0.
• Vesting: The restricted shares vest in full on the earlier of (i) May 1, 2027, or (ii) the Issuer's next annual meeting of stockholders, subject to the timing condition noted in the filing.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes: Grant made under the Issuer's non-employee director compensation policy and 2020 Omnibus Equity Incentive Plan; all 4,987 shares are unvested at grant.
• Timeliness: Filing date 2026-05-01 for a 2026-05-01 transaction — appears timely.

Context Grants of restricted stock to non-employee directors are common as part of board compensation and are intended to align directors' interests with shareholders; they do not by themselves signal buying or selling intent in the market. The vesting schedule means the shares may not be freely tradable until vested per the conditions above.