Wiegel Molly 4

What Happened

• Molly Wiegel, Senior Vice President of Human Resources & Administration at Broadstone Net Lease (BNL), was issued 9,917 shares on March 12, 2026 pursuant to a performance award. Simultaneously, 3,576 shares were withheld by the company to satisfy tax withholding obligations at an implied price of $18.97 per share (3,576 x $18.97 = $67,837). The award shares were issued at no cash cost to the reporting person (reported $0.00 per share).

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filing appears late — see note below).
• Award: 9,917 shares issued (code A); reported price $0.00 (award/grant).
• Withholding: 3,576 shares withheld to cover tax obligations (code F) at $18.97/share, total value ~$67,837 (disposed by issuer to satisfy taxes).
• Shares owned after transaction: not explicitly stated in the filing; filing notes include 40,021 shares of unvested restricted stock (see footnote).
• Footnotes:
  • F1: Shares issued upon achievement of performance criteria for the three-year performance period ending Feb 28, 2026 (awarded Feb 28, 2023).
  • F2: The reported ownership amount includes 40,021 shares of unvested restricted stock.
  • F3: 3,576 shares were withheld by the issuer to cover the reporting person’s tax obligations on the vesting award.
• Timeliness: Filing date is March 16 for a March 12 transaction, which appears to be late (reduces prompt disclosure).

Context

• This was a performance-based equity award vesting event, not an open-market purchase or sale. The disposal of 3,576 shares was a routine tax-withholding action (issuer withheld shares to satisfy payroll/tax obligations), not an active market sale by the insider. Such withholdings are common when restricted or performance shares vest.