Horn Stephen A JR 4

What Happened Stephen A. Horn Jr., President & CEO of NNN REIT, Inc. (NNN), reported a sale of 33,192 shares on 2026-03-09 at $44.98 per share, generating proceeds of approximately $1,492,976. The Form 4 lists the transaction as an open-market or private sale (transaction code S). This was a disposition (sale), which is a routine insider action and not itself a direct bullish signal.

Key Details

• Transaction date: 2026-03-09
• Transaction type/code: Sale (S) — reported as open-market/private sale
• Price per share: $44.98
• Shares sold: 33,192
• Gross proceeds: $1,492,976
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes disclosed in the provided excerpt
• Filing timeliness: Report filed the same day (2026-03-09); no late filing indicated

Context Insider sales can reflect many motives (diversification, personal liquidity, tax planning) and do not necessarily indicate a view on the company's prospects. Purchases tend to be more informative for gauging insider confidence. This report documents a straight sale of stock (not an option exercise, gift, or award).