Director at NNN REIT (NYSE: NNN) defers fees into 1,243-share stock grant

Rhea-AI Filing Summary

NNN REIT, INC. director Betsy D. Holden reported a compensation-related equity grant. On April 30, 2026, she acquired 1,243 shares of Common Stock at $43.52 per share, recorded as a grant or award rather than an open-market purchase.

According to the footnote, this reflects deferral under a company plan and conversion into stock units of fees otherwise payable for Board and Committee services. After this grant, she directly holds 34,786 shares of NNN REIT, INC. common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HOLDEN BETSY D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,243	$43.52	$54K

Holdings After Transaction: Common Stock — 34,786 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 1,243 shares Grant price per share: $43.52 per share Shares held after transaction: 34,786 shares

3 metrics

Shares granted 1,243 shares Grant or award on April 30, 2026

Grant price per share $43.52 per share Value used for compensation reporting

Shares held after transaction 34,786 shares Direct holdings after April 30, 2026 grant

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

"deferral under the Plan and conversion into stock units of compensation"

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"

Form 4 Insider Transactions: What Each Field Means →

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^*

HOLDEN BETSY D

(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)
04/30/2026

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	04/30/2026	04/30/2026	A		1,243(1)	A	$43.52	34,786	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/ Betsy D. Holden	05/01/2026
	** 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)

FAQ

What did NNN (NNN REIT, INC.) director Betsy D. Holden report on this Form 4?

Betsy D. Holden reported receiving 1,243 shares of NNN REIT common stock as a grant on April 30, 2026. The shares were issued at $43.52 each and stem from deferring fees for Board and Committee service into stock-based compensation.

Was the NNN Form 4 transaction an open-market buy or a grant?

The Form 4 shows a grant or award acquisition, not an open-market purchase. Holden’s 1,243 shares were issued as compensation, reflecting deferral of Board and Committee fees into stock units under a company plan rather than a cash transaction.

How many NNN REIT shares does Betsy D. Holden hold after this Form 4?

After this reported transaction, Betsy D. Holden directly holds 34,786 shares of NNN REIT common stock. This total includes the 1,243-share grant received in lieu of cash fees for her Board and Committee service, as disclosed in the filing.

What price is associated with the NNN REIT shares granted to Betsy D. Holden?

The 1,243 shares of NNN REIT common stock granted to Betsy D. Holden are recorded at $43.52 per share. This price is used for reporting the value of the stock-based compensation tied to her Board and Committee service fee deferral.

How is the NNN REIT director compensation structured in this Form 4 filing?

The filing indicates Holden deferred compensation for Board and Committee services under a plan, converting it into stock units. As a result, she received 1,243 shares of common stock, reported as a grant or award acquisition rather than a cash-paid director fee.