Michelle L. Miller - Feb 17, 2025 Form 4 Insider Report for NNN REIT, INC. (NNN)

Role
EVP,Chief Acctg & Tech Officer
Signature
/s/ Michelle L Miller
Stock symbol
NNN
Transactions as of
Feb 17, 2025
Transactions value $
$977,839
Form type
4
Date filed
2/19/2025, 04:19 PM
Previous filing
Dec 10, 2024
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 $173K +4.27K +6.21% $40.44 73K Feb 17, 2025 Direct F1
transaction NNN Common Stock Award $805K +19.9K +27.27% $40.44 92.9K Feb 17, 2025 Direct F2
transaction NNN Common Stock Disposed to Issuer $0 -1.19K -1.28% $0.00 91.8K 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.