NNN REIT (NYSE: NNN) director defers board fees into 1,715 stock units

Rhea-AI Filing Summary

NNN REIT, INC. director David M. Fick reported an award of 1,715 common stock-based units on July 31, 2026 at $48.14 per unit. The award reflects deferral and conversion of board and committee compensation into stock units, bringing his directly held interest to 72,680 shares.

Insider Trade Summary

Net Buyer: 1,715 shares

Net Buy 1 txn

Insider FICK DAVID M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,715	$48.14	$83K

Holdings After Transaction: Common Stock — 72,680 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 granted: 1,715 shares Reported value per unit: $48.14 per share Direct holdings after transaction: 72,680 shares

3 metrics

Stock units granted 1,715 shares Grant/award acquisition on 2026-07-31

Reported value per unit $48.14 per share Value used for the 1,715-unit award

Direct holdings after transaction 72,680 shares Total common stock directly owned after the award

Key Terms

deferral, stock units, Board and Committee services, Grant, award, or other acquisition

4 terms

deferral 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"

Grant, award, or other acquisition financial

"transaction code description is Grant, award, or other acquisition"

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 - 04:11 PM Accepted by SEC EDGAR 08/03/2026 - 04:11 PM Learn about SEC filing dates

FAQ

What insider transaction did NNN (NNN) director David M. Fick report?

Director David M. Fick reported an acquisition of 1,715 common stock-based units. The filing describes this as a grant or award, arising from deferral of board and committee compensation into stock units rather than a market purchase or open-market sale.

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

The transaction covered 1,715 common stock-based units valued at $48.14 per unit. This reflects the value used for reporting the grant or award rather than a traditional open-market purchase price for NNN REIT, INC. common stock.

What are David M. Fick’s direct NNN (NNN) holdings after this award?

After the reported award, David M. Fick directly holds 72,680 shares of NNN REIT, INC. common stock. This figure includes the new 1,715 stock-based units credited through the deferral of his board and committee compensation under the company’s plan.

What does the footnote in David M. Fick’s NNN (NNN) Form 4 explain?

The footnote explains that the 1,715 units reflect the deferral under a plan and conversion into stock units of compensation that otherwise would have been paid in cash for board and committee services, clarifying the award’s nature as deferred equity-based compensation.

Was the NNN (NNN) director’s transaction a purchase or a compensation grant?

The transaction is reported as a grant, award, or other acquisition, not an open-market purchase. It arises from deferring cash fees for board and committee work into stock units, so it represents equity-based compensation rather than a discretionary market trade.

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^*

FICK DAVID M

(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		1,715(1)	A	$48.14	72,680	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/ David M. Fick	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)