NNN REIT, INC. (NYSE: NNN) director defers pay into 1,353 stock units

Rhea-AI Filing Summary

NNN REIT, INC. director Kamau Omari Witherspoon reported an acquisition of 1,353 common-stock-equivalent units on July 31, 2026 at a reference value of $48.14 per unit. This reflects deferred Board and Committee compensation converted into stock units, bringing his direct holdings to 24,049 shares.

Insider Trade Summary

Net Buyer: 1,353 shares

Net Buy 1 txn

Insider Witherspoon Kamau Omari

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,353	$48.14	$65K

Holdings After Transaction: Common Stock — 24,049 shares (Direct)

Footnotes (1)

1. F1. Reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.

Key Figures

Stock units acquired: 1,353 units Reference value per unit: $48.14 per unit Holdings after transaction: 24,049 shares

3 metrics

Stock units acquired 1,353 units Grant/award acquisition reported on July 31, 2026

Reference value per unit $48.14 per unit Value used to convert deferred board and committee fees

Holdings after transaction 24,049 shares Direct ownership of NNN REIT, INC. common stock after award

Key Terms

deferral under the Plan, stock units, Board and Committee services

3 terms

deferral under the Plan financial

"Reflects the deferral under the Plan and conversion into stock units"

stock units financial

"conversion into stock units of compensation otherwise payable"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

Board and Committee services financial

"compensation otherwise payable for Board and Committee services"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 04:17 PM Accepted by SEC EDGAR 08/03/2026 - 04:16 PM Learn about SEC filing dates

FAQ

What insider transaction did NNN (NNN) report for Kamau Omari Witherspoon?

NNN REIT, INC. reported that director Kamau Omari Witherspoon acquired 1,353 common-stock-equivalent units on July 31, 2026. The acquisition came from deferring board and committee compensation into stock units rather than a market purchase of shares.

How many NNN (NNN) shares or units were acquired and at what value?

Kamau Omari Witherspoon received 1,353 common-stock-equivalent units of NNN REIT, INC. valued at $48.14 per unit. This value reflects the reference price used for converting his deferred board and committee fees into stock units under the company’s compensation plan.

What are Kamau Omari Witherspoon’s total NNN (NNN) holdings after this Form 4 transaction?

Following the reported transaction, Kamau Omari Witherspoon directly holds 24,049 shares of NNN REIT, INC. common stock. This figure includes the newly acquired 1,353 stock units resulting from the deferral and conversion of his board and committee service compensation.

Was the NNN (NNN) Form 4 transaction a market purchase or a compensation deferral?

The transaction was a compensation deferral, not a market purchase. Footnote disclosure states it reflects deferral under the company plan and conversion into stock units of compensation otherwise payable for Board and Committee services, recorded as an acquisition of common-stock-equivalent units.

Is Kamau Omari Witherspoon’s NNN (NNN) Form 4 transaction under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox was not marked for this Form 4, so the transaction is not affirmed as made under a Rule 10b5-1 trading plan. It instead reflects scheduled deferral and conversion of director compensation into stock units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Witherspoon Kamau Omari

(Last) (First) (Middle)

450 S. ORANGE AVE., SUITE 900

(Street)

ORLANDO FLORIDA 32801

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NNN REIT, INC. [ NNN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2026	07/31/2026	A		1,353(1)	A	$48.14	24,049	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.

	/s/ Kamau Omari Witherspoon	08/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)