Adamo Jonathan 4

What Happened Jonathan Adamo, EVP & Chief Portfolio Operations of NNN REIT, was granted two stock awards on 2026-02-17: 6,510 shares at $44.34 each (value $288,653) and 30,382 shares at $44.34 each (value $1,347,138), for a total of 36,892 shares valued at $1,635,791. These were awards/grants (Form 4 code A) — compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-18 (timely filing).
• Prices and values: 6,510 shares @ $44.34 = $288,653; 30,382 shares @ $44.34 = $1,347,138; total ≈ $1,635,791.
• Shares owned after transaction: Not specified in the provided summary—see the full SEC filing for post-transaction holdings.
• Footnotes:
  • F1: 25% of the F1 tranche vests annually from 2027 through 2030; the reporting person has voting and dividend rights on these shares, including while unvested.
  • F2: The F2 tranche vests on Jan 1, 2029 based on achieving certain total shareholder return goals; no dividend rights until those shares vest.
• Filing timeliness: Not late (filed the day after the transaction date, consistent with Form 4 rules).

Context These are compensation awards (restricted or performance-based stock grants). The F1 shares include voting and dividend rights immediately despite time-based vesting; the larger F2 grant is performance-conditioned and does not receive dividends until vested. Awards like these are common for executive compensation and reflect grant-based incentives rather than direct market buying or selling. For complete holdings and additional details, refer to the full SEC Form 4 (Accession No. 0001193125-26-057009).