Stephen A. Horn JR - 29 Apr 2022 Form 4 Insider Report for NATIONAL RETAIL PROPERTIES, INC. (NNN)

Role
EVP & Chief Operating Officer
Signature
/s/ Stephen A Horn Jr.
Issuer symbol
NNN
Transactions as of
29 Apr 2022
Transactions value $
$2,823,616
Form type
4
Filing time
03 May 2022, 16:37:05 UTC
Previous filing
17 Feb 2022
Next filing
16 Feb 2023
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 $417K +9.12K +4.39% $45.80 217K 29 Apr 2022 Direct F1
transaction NNN Common Stock Award $458K +10K +4.61% $45.80 227K 29 Apr 2022 Direct F2
transaction NNN Common Stock Award $1.95M +42.5K +18.76% $45.80 269K 29 Apr 2022 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 on 2023 through 2026. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
F2 The grant provides for a cliff vesting whereby 60% of the shares will vest at the end of a three year period ending in 2025 and 40% of the shares will vest at the end of a five year period ending in 2027. The reporting person has voting and dividend rights on all of these shares.
F3 Shares will vest on January 1, 2025 based on achieving certain company performance measures. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.