Broadstone Net Lease (BNL) Proxy filing summary

Executive summary

• Annual Meeting scheduled for April 30, 2026, with virtual attendance and electronic voting options available to shareholders as of March 2, 2026.

• 2025 highlights include $748.4 million invested in acquisitions and developments, 99.8% occupancy, $99.4 million net income, and a 4.2% increase in AFFO per share compared to 2024.

• Sustainability initiatives are managed by an internal committee with board oversight, focusing on environmental responsibility, employee well-being, and ethical governance.

Voting matters and shareholder proposals

• Shareholders will vote on electing nine directors, a non-binding advisory vote on executive compensation, and ratification of Deloitte & Touche LLP as the independent auditor for 2026.

• Proposals also include transacting other business as may properly come before the meeting.

• Shareholder proposals for the 2027 meeting must be submitted by November 20, 2026.

Board of directors and corporate governance

• Board consists of nine members, eight of whom are independent; the Chairman is an independent, non-executive director.

• Board committees (Audit, Compensation, Governance) are fully independent and meet regularly.

• Directors are elected annually; no classified board or poison pill; stockholders can amend Charter and Bylaws by majority vote.

• Board diversity includes a mix of gender, age, and professional backgrounds.

• Stock ownership guidelines require significant equity holdings by directors and executives.