Axel K.A. Hansing - 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, 04:26 PM
Previous filing: Nov 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLOP	Common Stock	Other	$0	+15	+0.14%	$0.00	10.7K	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.

Content

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.

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.