STOCK TITAN

[Form 4] NNN REIT, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 highlights: On 07/31/2025 NNN REIT director Elizabeth C. Gulacsy elected to defer board and committee fees into stock units, resulting in an acquisition of 1,033 common shares at an indicated price of $42.10 per share under the company’s compensation plan. Following the transaction, her direct ownership increases to 13,520 shares. The filing shows no derivative securities activity and does not amend any prior Form 4.

Because the shares were obtained through a fee-deferral program rather than an open-market purchase, the economic outlay is limited; however, the move modestly aligns the director’s interests with shareholders. No other insiders are listed, and there is no impact on outstanding share count or company guidance.

Punti salienti del Modulo 4: Il 31/07/2025, la direttrice di NNN REIT, Elizabeth C. Gulacsy, ha scelto di differire i compensi per il consiglio e le commissioni in unità azionarie, comportando un acquisto di 1.033 azioni ordinarie a un prezzo indicato di 42,10 dollari per azione secondo il piano di compensazione della società. Dopo la transazione, la sua posizione diretta aumenta a 13.520 azioni. La comunicazione non mostra attività su titoli derivati e non modifica alcun precedente Modulo 4.

Poiché le azioni sono state ottenute tramite un programma di differimento dei compensi e non attraverso un acquisto sul mercato aperto, l'esborso economico è limitato; tuttavia, questa scelta allinea modestamente gli interessi della direttrice con quelli degli azionisti. Non sono indicati altri insider e non vi è alcun impatto sul numero totale di azioni in circolazione o sulle previsioni aziendali.

Aspectos destacados del Formulario 4: El 31/07/2025, la directora de NNN REIT, Elizabeth C. Gulacsy, optó por diferir las tarifas de la junta y los comités en unidades de acciones, resultando en una adquisición de 1,033 acciones comunes a un precio indicado de 42.10 dólares por acción según el plan de compensación de la empresa. Tras la transacción, su propiedad directa aumenta a 13,520 acciones. La presentación no muestra actividad en valores derivados ni enmienda ningún Formulario 4 previo.

Dado que las acciones se obtuvieron mediante un programa de diferimiento de tarifas y no a través de una compra en el mercado abierto, la salida económica es limitada; sin embargo, esta acción alinea modestamente los intereses de la directora con los de los accionistas. No se listan otros insiders y no hay impacto en el número total de acciones en circulación ni en las directrices de la empresa.

Form 4 주요 사항: 2025년 7월 31일, NNN REIT 이사인 Elizabeth C. Gulacsy는 이사회 및 위원회 수수료를 주식 단위로 이연하기로 결정하여 회사 보상 계획에 따라 주당 42.10달러의 가격으로 1,033주 보통주를 취득했습니다. 이번 거래 후 그녀의 직접 소유 주식 수는 13,520주로 증가했습니다. 제출 문서에는 파생 증권 활동이 없으며 이전 Form 4를 수정하지 않았습니다.

주식은 공개 시장 구매가 아닌 수수료 이연 프로그램을 통해 취득되었기 때문에 경제적 지출은 제한적입니다. 그러나 이번 조치는 이사의 이해관계를 주주들과 다소 일치시키는 효과가 있습니다. 다른 내부자는 없으며, 유통 주식 수나 회사 가이던스에는 영향이 없습니다.

Points clés du Formulaire 4 : Le 31/07/2025, la directrice de NNN REIT, Elizabeth C. Gulacsy, a choisi de différer les honoraires du conseil et des comités en unités d’actions, ce qui a entraîné une acquisition de 1 033 actions ordinaires à un prix indiqué de 42,10 $ par action selon le plan de rémunération de l’entreprise. Suite à cette transaction, sa possession directe augmente à 13 520 actions. Le dépôt ne montre aucune activité sur des titres dérivés et ne modifie aucun Formulaire 4 antérieur.

Étant donné que les actions ont été obtenues via un programme de report des honoraires plutôt que par un achat sur le marché libre, la dépense économique est limitée ; toutefois, cette démarche aligne modestement les intérêts de la directrice avec ceux des actionnaires. Aucun autre initié n’est mentionné et il n’y a aucun impact sur le nombre d’actions en circulation ni sur les prévisions de l’entreprise.

Formular 4 Highlights: Am 31.07.2025 entschied sich die NNN REIT-Direktorin Elizabeth C. Gulacsy, Vorstands- und Ausschussgebühren in Aktienanteile umzuwandeln, was zu einem Erwerb von 1.033 Stammaktien zu einem angegebenen Preis von 42,10 USD pro Aktie gemäß dem Vergütungsplan des Unternehmens führte. Nach der Transaktion erhöht sich ihr direkter Besitz auf 13.520 Aktien. Die Meldung zeigt keine Aktivitäten mit derivativen Wertpapieren und ändert kein vorheriges Formular 4.

Da die Aktien über ein Gebührenaufschubprogramm und nicht durch einen Kauf am offenen Markt erworben wurden, ist der wirtschaftliche Aufwand begrenzt; die Maßnahme stimmt jedoch die Interessen der Direktorin moderat mit denen der Aktionäre überein. Es sind keine weiteren Insider aufgeführt, und es gibt keine Auswirkungen auf die ausstehenden Aktien oder die Unternehmensprognose.

Positive
  • Director increased personal stake by 1,033 shares, boosting alignment with shareholders.
Negative
  • Transaction is immaterial relative to share count and executed via compensation deferral, limiting signaling value.

Insights

TL;DR: Minor insider buy via fee deferral; alignment positive but not market-moving.

This Form 4 records Ms. Gulacsy converting $≈43k of earned fees into 1,033 NNN shares, lifting her direct stake to 13,520. The purchase is programmatic and cashless, so it carries less signaling power than an open-market buy, yet it still indicates confidence and improves incentive alignment. Given NNN REIT’s ~181 m shares outstanding, the transaction is immaterial (<0.001%). I view the disclosure as neutral: supportive of governance best practices but unlikely to influence valuation or liquidity.

Punti salienti del Modulo 4: Il 31/07/2025, la direttrice di NNN REIT, Elizabeth C. Gulacsy, ha scelto di differire i compensi per il consiglio e le commissioni in unità azionarie, comportando un acquisto di 1.033 azioni ordinarie a un prezzo indicato di 42,10 dollari per azione secondo il piano di compensazione della società. Dopo la transazione, la sua posizione diretta aumenta a 13.520 azioni. La comunicazione non mostra attività su titoli derivati e non modifica alcun precedente Modulo 4.

Poiché le azioni sono state ottenute tramite un programma di differimento dei compensi e non attraverso un acquisto sul mercato aperto, l'esborso economico è limitato; tuttavia, questa scelta allinea modestamente gli interessi della direttrice con quelli degli azionisti. Non sono indicati altri insider e non vi è alcun impatto sul numero totale di azioni in circolazione o sulle previsioni aziendali.

Aspectos destacados del Formulario 4: El 31/07/2025, la directora de NNN REIT, Elizabeth C. Gulacsy, optó por diferir las tarifas de la junta y los comités en unidades de acciones, resultando en una adquisición de 1,033 acciones comunes a un precio indicado de 42.10 dólares por acción según el plan de compensación de la empresa. Tras la transacción, su propiedad directa aumenta a 13,520 acciones. La presentación no muestra actividad en valores derivados ni enmienda ningún Formulario 4 previo.

Dado que las acciones se obtuvieron mediante un programa de diferimiento de tarifas y no a través de una compra en el mercado abierto, la salida económica es limitada; sin embargo, esta acción alinea modestamente los intereses de la directora con los de los accionistas. No se listan otros insiders y no hay impacto en el número total de acciones en circulación ni en las directrices de la empresa.

Form 4 주요 사항: 2025년 7월 31일, NNN REIT 이사인 Elizabeth C. Gulacsy는 이사회 및 위원회 수수료를 주식 단위로 이연하기로 결정하여 회사 보상 계획에 따라 주당 42.10달러의 가격으로 1,033주 보통주를 취득했습니다. 이번 거래 후 그녀의 직접 소유 주식 수는 13,520주로 증가했습니다. 제출 문서에는 파생 증권 활동이 없으며 이전 Form 4를 수정하지 않았습니다.

주식은 공개 시장 구매가 아닌 수수료 이연 프로그램을 통해 취득되었기 때문에 경제적 지출은 제한적입니다. 그러나 이번 조치는 이사의 이해관계를 주주들과 다소 일치시키는 효과가 있습니다. 다른 내부자는 없으며, 유통 주식 수나 회사 가이던스에는 영향이 없습니다.

Points clés du Formulaire 4 : Le 31/07/2025, la directrice de NNN REIT, Elizabeth C. Gulacsy, a choisi de différer les honoraires du conseil et des comités en unités d’actions, ce qui a entraîné une acquisition de 1 033 actions ordinaires à un prix indiqué de 42,10 $ par action selon le plan de rémunération de l’entreprise. Suite à cette transaction, sa possession directe augmente à 13 520 actions. Le dépôt ne montre aucune activité sur des titres dérivés et ne modifie aucun Formulaire 4 antérieur.

Étant donné que les actions ont été obtenues via un programme de report des honoraires plutôt que par un achat sur le marché libre, la dépense économique est limitée ; toutefois, cette démarche aligne modestement les intérêts de la directrice avec ceux des actionnaires. Aucun autre initié n’est mentionné et il n’y a aucun impact sur le nombre d’actions en circulation ni sur les prévisions de l’entreprise.

Formular 4 Highlights: Am 31.07.2025 entschied sich die NNN REIT-Direktorin Elizabeth C. Gulacsy, Vorstands- und Ausschussgebühren in Aktienanteile umzuwandeln, was zu einem Erwerb von 1.033 Stammaktien zu einem angegebenen Preis von 42,10 USD pro Aktie gemäß dem Vergütungsplan des Unternehmens führte. Nach der Transaktion erhöht sich ihr direkter Besitz auf 13.520 Aktien. Die Meldung zeigt keine Aktivitäten mit derivativen Wertpapieren und ändert kein vorheriges Formular 4.

Da die Aktien über ein Gebührenaufschubprogramm und nicht durch einen Kauf am offenen Markt erworben wurden, ist der wirtschaftliche Aufwand begrenzt; die Maßnahme stimmt jedoch die Interessen der Direktorin moderat mit denen der Aktionäre überein. Es sind keine weiteren Insider aufgeführt, und es gibt keine Auswirkungen auf die ausstehenden Aktien oder die Unternehmensprognose.

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*
Gulacsy Elizabeth

(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)
07/31/2025
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 07/31/2025 07/31/2025 A 1,033(1) A $42.1 13,520 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/ Elizabeth C. Gulacsy 08/01/2025
** 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.

FAQ

How many NNN shares did Director Elizabeth Gulacsy acquire?

She acquired 1,033 common shares on 07/31/2025.

What is Gulacsy's total NNN ownership after the transaction?

Her direct holdings increased to 13,520 shares.

At what price were the shares recorded?

The filing lists a value of $42.10 per share under the compensation plan.

Was this an open-market purchase?

No. The shares were obtained through a fee-deferral compensation plan, not an open-market buy.

Does the Form 4 indicate any derivative security trades?

No derivative securities were acquired or disposed of in this filing.
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