HOLDEN BETSY D 4

What Happened

• Betsy D. Holden, a director of NNN REIT, Inc. (NNN), was granted/received 1,243 shares as a conversion of deferred director compensation on April 30, 2026. The shares are reported at $43.52 per share, with a total value of $54,095. This was an award/conversion of compensation (not an open‑market purchase or sale).

Key Details

• Transaction date and price: 2026-04-30, 1,243 shares at $43.52/share (total $54,095).
• Transaction type: Award/Grant (code A) — conversion of deferred compensation into stock units.
• Shares owned after transaction: Not reported in this Form 4.
• Footnote: Reflects deferral under the company's Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.
• Filing: Form 4 filed 2026-05-01 (the next business day), appearing timely.

Context

• This transaction represents routine director compensation being paid in company stock via a deferral plan, which is common and does not necessarily signal the director buying stock in the open market. It’s an acquisition of shares via compensation rather than an independent investment decision.