Sundar PichaiSundar Pichai earned $164M in 2023

John D. Moragne took over as CEO of Broadstone Net Lease, Inc. on March 1, 2023, after serving as the Executive Vice President and Chief Operating Officer. He has been part of Broadstone since its early days, holding various roles...

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John D. Moragne

CEO of Broadstone Net Lease

Education

B.A. from SUNY Geneseo; J.D. from The George Washington University Law School.

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Real Estate

Born

January 1, 1983 - 42 years ago

CEO of Broadstone Net Lease for

2 years 3 months (Feb 2023 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer of Broadstone Net Lease, Inc.

Holdings

See how much did John D. Moragne make over time.

John D. Moragne's holdings reflect his deep ties to Broadstone. When he took the CEO role in March 2023, no stock grants had vested yet, but he received new grants worth $2 million for future performance. His financial interest is...

Mar 18, 2025

Insider Trading

See recent insider trades of John D. Moragne.

BNL

11,275 shares

BNL

Mar 7, 2024

Received

BNL

212,977 shares

BNL

Feb 28, 2024

Received

BNL

$147.69K

BNL at $14.77/share

Feb 26, 2024

Purchase

BNL

$100.02K

BNL at $16.72/share

Mar 17, 2023

Purchase

BNL

44,665 shares

BNL

Feb 28, 2023

Received

BNL

$359.96K

BNL at $22.04/share

Feb 28, 2022

Received

BNL

$187.77K

BNL at $21.25/share

Sep 23, 2021

Received

BNL

$56.33K

BNL at $21.25/share

Jul 16, 2021

Received

BNL

$37.55K

BNL at $21.25/share

Jun 22, 2021

Received

BNL

15,046 shares

BNL

Mar 1, 2021

Received

Compensation History

See how much did John D. Moragne make over time.

In 2023, John D. Moragne's total compensation was approximately $4.2 million. This included a $575,000 salary and a significant cash bonus of over $1.1 million based on meeting specific financial performance goals. Although he did not receive any stock grants vested this year, he was granted $1.2 million in performance-based restricted stock units, slated to vest over a three-year period. His compensation plan is designed to attract top talent while closely linking his pay to the company's performance metrics. This structure ensures that as the company performs well, he will directly benefit financially, aligning the interests of the leadership with that of the shareholders.

Year

2023

Total Compensation

$1.80M

Salary

$575.00K

Board Justification

The compensation program is designed to attract and retain leadership, linking pay to performance and aligning with stockholder interests through a mix of fixed and variable compensation.

Bonus

$1.14M

Board Justification

The annual cash bonus for 2023 was based on achieving objective financial performance goals and certain strategic priorities, with a target bonus of 120% of base salary.

Other

$83.71K

Board Justification

Other compensation includes 401(k) matching contributions, dividends received on unvested restricted shares, health savings account contributions, and a mobile phone stipend.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023 as the performance-based restricted stock units are subject to a three-year performance period ending February 28, 2026.

Performance Metrics

The performance metrics for 2023 included Adjusted Funds From Operations (AFFO) per share, net debt to annualized adjusted EBITDAre, and economic occupancy.

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