Stephen A. Horn Jr. - 17 Feb 2026 Form 4 Insider Report for NNN REIT, INC. (NNN)

Role: President & CEO
Signature: /s/ Stephen A. Horn Jr.
Issuer symbol: NNN
Transactions as of: 17 Feb 2026
Net transactions value: +$9,498,337
Form type: 4
Filing time: 18 Feb 2026, 16:06:01 UTC
Previous filing: 18 Mar 2025
Next filing: 09 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Horn Stephen A JR	President & CEO	450 SOUTH ORANGE AVE, SUITE 900, ORLANDO	/s/ Stephen A. Horn Jr.	18 Feb 2026	0001595523

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NNN	Common Stock	Award	$1,676,185	+37,803	+5.3%	$44.34	749,911	17 Feb 2026	Direct	F1
transaction	NNN	Common Stock	Award	$7,822,152	+176,413	+24%	$44.34	926,324	17 Feb 2026	Direct	F2
transaction	NNN	Common Stock	Disposed to Issuer	$0	-70,421	-7.6%	$0.000000	855,903	17 Feb 2026	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 2027 through 2030. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
F2	Shares will vest on January 1, 2029 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.