Jean Hoysradt - Jan 19, 2024 Form 4 Insider Report for Net Lease Office Properties (NLOP)

Role
Director
Signature
/s/ Taylor Upchurch, Attorney-in-fact
Stock symbol
NLOP
Transactions as of
Jan 19, 2024
Transactions value $
$0
Form type
4
Date filed
1/23/2024, 04:22 PM
Previous filing
Nov 3, 2023
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLOP Common Stock Other $0 +18 +0.17% $0.00 10.9K Jan 19, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NLOP Dividend Equivalent Rights Award $0 +136 $0.00 136 Jan 19, 2024 Common Stock 136 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 8, 2023, the Issuer declared a dividend of $0.34 per share to all shareholders of record as of the close of business on December 18, 2023 (the "Share Dividend"). Shareholders could elect to receive their dividend in the form of cash or shares. The aggregate amount of cash to be distributed by the Issuer was limited to a maximum of 20% of the total dividend. This Reporting Person received 100% of their dividend in shares based on their election. The value of the shares to be distributed is based upon the volume weighted average trading prices of the Issuer's common shares on the New York Stock Exchange between January 18, 2024 and January 19, 2024 which was $23.82. The dividend is payable on January 29, 2024.
F2 Represents dividend equivalent rights accrued in connection with the Share Dividend on restricted stock units issued on November 2, 2023. Each dividend equivalent is the economic equivalent of one share of NLOP.