Gina M. Steffens - Feb 14, 2024 Form 4 Insider Report for NNN REIT, INC. (NNN)

Role
EVP, General Counsel
Signature
/s/ Gina M Steffens
Stock symbol
NNN
Transactions as of
Feb 14, 2024
Transactions value $
$891,357
Form type
4
Date filed
2/15/2024, 04:24 PM
Previous filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNN Common Stock Award $157K +3.96K +39.6% $39.72 14K Feb 14, 2024 Direct F1
transaction NNN Common Stock Award $734K +18.5K +132.39% $39.72 32.4K Feb 14, 2024 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 2025 through 2028. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
F2 Shares will vest on January 1, 2027 based upon achieving certain total shareholder returns. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.