Stephen A. Horn JR - Feb 14, 2024 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 14, 2024
Transactions value $
$7,760,335
Form type
4
Date filed
2/15/2024, 04:25 PM
Previous filing
Feb 16, 2023
Next filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNN Common Stock Award $1.37M +34.5K +8.66% $39.72 433K Feb 14, 2024 Direct F1
transaction NNN Common Stock Award $6.39M +161K +37.19% $39.72 594K Feb 14, 2024 Direct F2
transaction NNN Common Stock Disposed to Issuer $0 -7.91K -1.33% $0.00 586K Feb 14, 2024 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 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.
F3 Restriced shares forfeited as a result of cerain conditions not being met.