Director adds 867 NNN REIT (NNN) shares through family trust award

Rhea-AI Filing Summary

NNN REIT, Inc. director Pamela K.M. Beall reported an acquisition of common stock through a family trust. On January 30, 2026, a family trust associated with her received 867 shares of NNN REIT common stock as a stock award under the company’s 2017 Performance Incentive Plan, as amended in 2023, at a reported price of $41.82 per share. Following this award, the family trust indirectly held 35,706 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^*

Beall Pamela K.M.

(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	35,706	I	Family Trust

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/ Pamela K.M. Beall	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 REIT (NNN) report in this Form 4?

NNN REIT reported an insider acquisition of common stock. A family trust associated with director Pamela K.M. Beall received 867 shares as a stock award, increasing its indirect holdings to 35,706 shares.

Who is the reporting person in the NNN REIT (NNN) Form 4 filing?

The reporting person is Pamela K.M. Beall, a director of NNN REIT, Inc. The reported shares are held indirectly through a family trust, as indicated in the ownership details of the filing.

How many NNN REIT (NNN) shares were acquired and at what price?

The family trust associated with director Pamela K.M. Beall acquired 867 shares of NNN REIT common stock. The filing reports a transaction price of $41.82 per share for this stock award acquisition.

When did the NNN REIT (NNN) insider share acquisition occur?

The insider share acquisition occurred on January 30, 2026. On that date, a family trust associated with director Pamela K.M. Beall received 867 shares of NNN REIT common stock as part of a stock award.

How are the acquired NNN REIT (NNN) shares held after the transaction?

After the transaction, the shares are held indirectly through a family trust. The filing shows indirect ownership, with the family trust holding a total of 35,706 NNN REIT common shares following the award.

What plan was used for the NNN REIT (NNN) stock award to the family trust?

The stock award was made under the NNN REIT 2017 Performance Incentive Plan, as amended by Amendment No. 1 in 2023. This plan provided the 867-share award reported in the Form 4 filing.