Director Steven D. Cosler adds 1,568 NNN REIT (NNN) shares via deferred compensation

Rhea-AI Filing Summary

NNN REIT, Inc. director Steven D. Cosler acquired 1,568 shares of common stock on January 30, 2026 at a price of $41.82 per share. The filing explains this reflects a deferral under the company Plan, converting compensation for Board and Committee services into stock units. Following this transaction, Cosler directly owns 67,123 shares of NNN REIT 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^*

COSLER STEVEN D

(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		1,568(1)	A	$41.82	67,123	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/ Steven D. Cosler	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did NNN (NNN REIT, Inc.) report for Steven D. Cosler?

NNN REIT, Inc. reported that director Steven D. Cosler acquired 1,568 shares of common stock on January 30, 2026. The acquisition price was $41.82 per share and arose from deferred compensation converted into stock units for Board and Committee services.

At what price did Steven D. Cosler acquire NNN common stock on January 30, 2026?

Steven D. Cosler acquired NNN REIT common stock at $41.82 per share on January 30, 2026. The transaction reflects deferred compensation under a company Plan, converted into stock units for his Board and Committee service compensation.

How many NNN REIT shares does Steven D. Cosler own after this Form 4 transaction?

After the reported transaction, Steven D. Cosler beneficially owns 67,123 shares of NNN REIT common stock. This total reflects his direct holdings following the acquisition of 1,568 shares through deferred compensation converted into stock units on January 30, 2026.

Was the NNN (NNN REIT) insider transaction a purchase or sale of shares?

The transaction was an acquisition of shares, coded “A” on the Form 4. It arose from deferring compensation under a company Plan and converting that compensation into stock units tied to NNN REIT common stock for Board and Committee services.

Is Steven D. Cosler’s NNN REIT ownership reported as direct or indirect on this Form 4?

Steven D. Cosler’s ownership following the transaction is reported as direct, indicated by the code “D.” The Form 4 shows 67,123 shares of NNN REIT common stock held directly after acquiring 1,568 shares through deferred compensation converted into stock units.

What does the footnote on Steven D. Cosler’s NNN Form 4 transaction explain?

The footnote explains that the 1,568 shares reflect a deferral under the company Plan and conversion into stock units. This means compensation otherwise payable for Board and Committee services was instead taken in stock-based form linked to NNN REIT common stock.