Christopher J. Czarnecki - Sep 23, 2021 Form 4 Insider Report for Broadstone Net Lease, Inc. (BNL)

Signature
John D. Moragne, as Attorney-in-Fact
Stock symbol
BNL
Transactions as of
Sep 23, 2021
Transactions value $
$578,935
Form type
4
Date filed
9/24/2021, 05:00 PM
Previous filing
Jul 16, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNL Common Stock Award $579K +27.2K +9.67% $21.25 309K Sep 23, 2021 Direct F1, F2, F3
holding BNL Common Stock 54.9K Sep 23, 2021 By Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of stock issued to the Reporting Person on September 23, 2021 as earnout consideration paid to the owners of our former external manager. The price of shares issued is based upon the contractually agreed price per share in the merger agreement. The Reporting Person's right to receive the additional shares as earnout consideration became fixed and irrevocable on February 7, 2020, the effective date of the internalization of our former external manager under the terms of the merger agreement.
F2 This amount includes 303,048 shares owned jointly with the reporting persons spouse, with respect to which the reporting person shares voting and investment power.
F3 This amount includes 111,280 shares of unvested restricted stock.
F4 Shares held by a trust, of which the reporting person is a trustee and beneficiary.