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

Role
EVP & Chief Operating Officer
Signature
/s/ Stephen A Horn Jr.
Stock symbol
NNN
Transactions as of
Apr 29, 2022
Transactions value $
$2,823,616
Form type
4
Date filed
5/3/2022, 04:37 PM
Previous filing
Feb 17, 2022
Next filing
Feb 16, 2023

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 Apr 29, 2022 Direct F1
transaction NNN Common Stock Award $458K +10K +4.61% $45.80 227K Apr 29, 2022 Direct F2
transaction NNN Common Stock Award $1.95M +42.5K +18.76% $45.80 269K Apr 29, 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.