NNN REIT (NNN) director defers fees into 1,276 additional shares

Rhea-AI Filing Summary

NNN REIT, Inc. director Betsy D. Holden reported acquiring additional common stock through a compensation deferral. On January 30, 2026, she received 1,276 shares at $41.82 per share, reflecting board and committee fees converted into stock units. Following this transaction, she beneficially owns 33,543 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HOLDEN BETSY D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,276	$41.82	$53K

Holdings After Transaction: Common Stock — 33,543 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 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		1,276(1)	A	$41.82	33,543	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	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).
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

What did NNN REIT (NNN) director Betsy Holden report in this Form 4?

Director Betsy D. Holden reported acquiring additional NNN REIT common stock through a compensation-related transaction. On January 30, 2026, board and committee fees were deferred under a plan and converted into stock units, increasing her directly held beneficial ownership position in the company.

How many NNN REIT (NNN) shares did Betsy Holden acquire and at what price?

Betsy D. Holden acquired 1,276 shares of NNN REIT common stock at a price of $41.82 per share. The acquisition reflects compensation for board and committee services that was deferred and converted into stock units under the company’s specified plan.

What is Betsy Holden’s total NNN REIT share ownership after this transaction?

After the reported transaction, Betsy D. Holden beneficially owns 33,543 shares of NNN REIT common stock. This figure represents her direct ownership following the January 30, 2026 acquisition of 1,276 shares through the company’s compensation deferral and stock unit conversion arrangement.

What is the nature of the stock received by Betsy Holden from NNN REIT (NNN)?

The reported shares reflect a deferral under a company plan, converting compensation otherwise payable for Board and Committee services into stock units. This means her director fees were taken in equity-linked form rather than cash for the reported compensation period.

What role does Betsy Holden have at NNN REIT (NNN)?

Betsy D. Holden is identified as a Director of NNN REIT, Inc. The Form 4 indicates she is not an officer and not a 10% owner. Her reported acquisition arises from director-level compensation for board and committee responsibilities at the company.

Is Betsy Holden’s NNN REIT ownership reported as direct or indirect?

Betsy D. Holden’s ownership in this filing is reported as Direct (D). The Form 4 shows 33,543 shares of NNN REIT common stock beneficially owned directly following the January 30, 2026 transaction, with no separate indirect ownership entity described in the provided disclosure.