Miller Michelle Lynn 4

What Happened

• Michelle Lynn Miller, EVP and Chief Accounting & Technology Officer of NNN REIT, sold 4,000 shares in an open-market disposition on 2026-02-20 at $44.03 per share, generating proceeds of $176,120. This was a sale (disposition), not a purchase.

Key Details

• Transaction date: 2026-02-20
• Price per share: $44.03; Total proceeds: $176,120
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing date: 2026-02-23 (three calendar days after the trade). Given the weekend between the trade and filing date, this appears to comply with the SEC’s two-business-day Form 4 deadline; the filing is not flagged as late in the public record.
• No 10b5-1 plan, tax-withholding, or other special footnotes were indicated in the provided transaction summary.

Context

• This was an outright sale (code S), a routine form of insider disposition. Sales are common and do not, by themselves, indicate management’s future view of the company. Purchases tend to be more informative of insider confidence than routine sales. For full holdings and any additional notes, consult the complete Form 4 filing (Accession: 0001193125-26-063995).