Director at NNN REIT (NYSE: NNN) receives 867-share stock award

Rhea-AI Filing Summary

NNN REIT director Edward J. Fritsch reported a stock award of common shares. On January 30, 2026, he acquired 867 shares of NNN REIT, Inc. common stock at $41.82 per share pursuant to the company’s 2017 Performance Incentive Plan, as amended in 2023. Following this grant, he directly owns 63,663 shares of common stock.

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

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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^*

FRITSCH EDWARD J

(Last) (First) (Middle)

450 S. ORANGE AVE., SUITE 900

(Street)

ORLANDO FL 32801

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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

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

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

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	01/30/2026	01/30/2026	A		867(1)	A	$41.82	63,663	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. Shares were acquired pursuant to a stock award under the NNN REIT 2017 Performance Incentive Plan, as amended by Amendment No. 1 in 2023, in a transacton 16-b.

	/s/ Edward J. Fritsch	02/02/2026
	** 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).
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FAQ

What insider transaction did NNN (NNN REIT, Inc.) report in this Form 4?

NNN REIT, Inc. reported that director Edward J. Fritsch received a stock award of 867 common shares on January 30, 2026. The award was granted under the NNN REIT 2017 Performance Incentive Plan, as amended by Amendment No. 1 in 2023.

How many NNN REIT (NNN) shares did Edward J. Fritsch acquire and at what price?

Edward J. Fritsch acquired 867 shares of NNN REIT common stock at a price of $41.82 per share. This transaction was coded as an acquisition (A) and reflects a stock award under the company’s performance incentive plan.

What is Edward J. Fritsch’s total NNN REIT (NNN) ownership after this transaction?

After the reported stock award, Edward J. Fritsch directly owns 63,663 shares of NNN REIT common stock. This figure reflects his beneficial ownership immediately following the January 30, 2026 acquisition of 867 shares under the 2017 Performance Incentive Plan.

What is the nature of the NNN REIT (NNN) stock award reported for Edward J. Fritsch?

The shares were granted as a stock award under the NNN REIT 2017 Performance Incentive Plan, as amended in 2023. The Form 4 footnote clarifies that the 867 acquired shares arose from this plan-based transaction, indicated as a Section 16(b) transaction.

Is Edward J. Fritsch a director or officer of NNN REIT (NNN)?

Edward J. Fritsch is identified as a director of NNN REIT, Inc. on the Form 4. The filing does not list him as an officer or 10% owner, and it indicates the form is filed by one reporting person in this capacity.

Are the NNN REIT (NNN) shares held directly or indirectly by Edward J. Fritsch?

The Form 4 reports that Edward J. Fritsch holds the shares directly, marked with ownership form “D.” There is no indication in the provided footnote that the reported 63,663 shares are held through a separate entity or indirect structure.