COSLER STEVEN D 4

What Happened

• Steven D. Cosler, a director of NNN REIT, was granted 1,568 shares (reported as an acquisition) on January 30, 2026. The reported per-share value was $41.82, for a total value of $65,574.
• This was not an open-market purchase but an award: the shares reflect the conversion of deferred board and committee fees into stock units under the company's deferral plan.

Key Details

• Transaction date and type: 2026-01-30 — Award/Acquisition (Form 4 code A).
• Price/value: $41.82 per share; total reported value $65,574.
• Filing: Form 4 accession filed 2026-02-02 — filed within the Form 4 two-business-day deadline (timely).
• Footnote: Conversion of compensation otherwise payable for Board and Committee services into stock units under the Plan.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax withholding, or sale reported in this transaction.

Context

• Director awards that convert cash fees into stock units are routine compensation and are recorded as acquisitions for reporting purposes. They do not indicate an open-market purchase or a sale and should be viewed primarily as compensation rather than a direct signal of insider buying or selling.