Gina M. Steffens - 17 Feb 2025 Form 4 Insider Report for NNN REIT, INC. (NNN)

Role
EVP, General Counsel
Signature
/s/ Gina M Steffens
Issuer symbol
NNN
Transactions as of
17 Feb 2025
Net transactions value
+$1,100,049
Form type
4
Filing time
19 Feb 2025, 16:21:07 UTC
Previous filing
15 Feb 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 $194,112 +4,800 +15% $40.44 37,241 17 Feb 2025 Direct F1
transaction NNN Common Stock Award $905,937 +22,402 +60% $40.44 59,643 17 Feb 2025 Direct F2
* 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.