Stephen A. Horn JR - Feb 17, 2025 Form 4 Insider Report for NNN REIT, INC. (NNN)

Role
President & CEO
Signature
/s/ Stephen A Horn Jr
Stock symbol
NNN
Transactions as of
Feb 17, 2025
Transactions value $
$8,937,927
Form type
4
Date filed
2/19/2025, 04:18 PM
Previous filing
Aug 26, 2024
Next filing
Mar 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNN Common Stock Award $1.58M +39K +7% $40.44 596K Feb 17, 2025 Direct F1
transaction NNN Common Stock Award $7.36M +182K +30.52% $40.44 778K Feb 17, 2025 Direct F2
transaction NNN Common Stock Disposed to Issuer $0 -11K -1.41% $0.00 767K Feb 17, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares will vest 25% annually beginning 2026 through 2029. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
F2 Shares will vest on January 1, 2028 based upon achieving certain total shareholder returns. The Reporting Person has no dividend rights on these shares until the shares have vested.
F3 Restriced shares forfeited as a result of cerain conditions not being met.