Director James H Watters buys 4,000 shares at blended average $16.06; cluster of 6 other insiders bought within 14 days.
James H Watters, a director at Broadstone Net Lease, executed 2 separate purchases totaling 4,000 shares for $64,220.00 on May 5–6, 2025, at prices ($16.13 and $15.98) modestly above the current price of $15.97. His post-transaction holding of 122,362 shares represents a 3.4% increase. The transaction occurs within a broader cluster: 6 other insiders also bought within the past 14 days, suggesting coordinated or parallel appetite among the board/management. With the stock trading -15.7% from its 52-week high of $18.95, the purchases occur in a materially depressed portion of the annual price range. The company's P/E of 26.62 and modest revenue growth of -2.5% annually warrant attention to whether the cluster activity reflects confidence in near-term recovery or is purely unrelated to valuation.