FICK DAVID M 4

What Happened
David M. Fick, a director of NNN REIT, received an award of 1,787 shares on April 30, 2026. The grant is recorded at $43.52 per share, for a total value of $77,770. This transaction is an award/acquisition (code A) reflecting deferred director compensation converted into stock units rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-01 (timely filing).
• Shares/price/value: 1,787 shares at $43.52 each — total $77,770.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The award "reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services."
• Transaction type: Award/Grant (A) — compensation-related, not a market purchase or sale.

Context
Director awards like this are common and typically reflect routine compensation (deferred fees converted to equity). Such grants are different from outright purchases by insiders and don’t necessarily signal a personal bullish or bearish view on the stock.