NNN REIT, INC. (NNN) director defers fees into 1,217 stock units

Rhea-AI Filing Summary

NNN REIT director Betsy D. Holden reported a grant/award acquisition of 1,217 stock units of common stock on July 31, 2026 at $48.14 per unit. The award reflects deferral of board and committee fees under a company plan, bringing her direct holdings to 36,003 shares.

Insider Trade Summary

Net Buyer: 1,217 shares

Net Buy 1 txn

Insider HOLDEN BETSY D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,217	$48.14	$59K

Holdings After Transaction: Common Stock — 36,003 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

Director award size: 1,217 shares Award value per unit: $48.14 per share Post-transaction holdings: 36,003 shares

3 metrics

Director award size 1,217 shares Stock units of common stock granted on 2026-07-31

Award value per unit $48.14 per share Reported transaction price for the 1,217 stock units

Post-transaction holdings 36,003 shares Total direct common stock holdings after the award

Key Terms

stock units, deferral under the Plan, Board and Committee services

3 terms

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.

deferral under the Plan financial

"Reflects the deferral under the Plan and conversion into stock units"

Board and Committee services financial

"compensation otherwise payable for Board and Committee services"

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 - 04:15 PM Accepted by SEC EDGAR 08/03/2026 - 04:14 PM Learn about SEC filing dates

FAQ

What insider transaction did NNN REIT (NNN) director Betsy D. Holden report?

Director Betsy D. Holden reported a grant/award acquisition of 1,217 stock units of NNN REIT common stock. The award represents deferred compensation for board and committee service, not an open-market purchase, and increases her direct holdings to 36,003 shares.

How many NNN REIT (NNN) shares and at what price were granted to Betsy D. Holden?

Betsy D. Holden received 1,217 stock units of NNN REIT common stock at a reported value of $48.14 per unit. These units result from deferring board and committee compensation into equity under a company plan.

What is Betsy D. Holden’s total NNN REIT (NNN) ownership after this Form 4 transaction?

After the reported award, Betsy D. Holden directly holds 36,003 shares of NNN REIT common stock. This total includes the newly credited 1,217 stock units resulting from deferral of fees for board and committee services.

Was the NNN REIT (NNN) transaction by Betsy D. Holden an open-market purchase?

No. The 1,217 stock units credited to Betsy D. Holden reflect a deferral of board and committee compensation into stock units under a plan. It is a compensation-related equity award, not an open-market buy or sell transaction.

Was Betsy D. Holden’s NNN REIT (NNN) equity award under a Rule 10b5-1 trading plan?

The transaction is not reported as made under a Rule 10b5-1 trading plan. The Form 4’s plan checkbox is not marked as an affirmative 10b5-1 arrangement, and the footnote describes a routine deferral of director fees into stock units.

What does the footnote in Betsy D. Holden’s NNN REIT (NNN) Form 4 explain?

The footnote explains that the 1,217 stock units reflect a deferral under a company plan and conversion of compensation otherwise payable for board and committee services, clarifying the award is part of director fee arrangements rather than a discretionary 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^*

HOLDEN BETSY D

(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		1,217(1)	A	$48.14	36,003	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/ Betsy D. Holden	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)