SEC Form 4 · accession 0000751364-17-000090
NNN REIT, INC. · NNN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Julian E Whitehurst
Officer — President and CEO
Period of report
May 25, 2017
Accepted (ET)
May 26, 2017 · 4:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000751364
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 25, 2017 | A | 10,218 | $37.83 | A | 281,804 | D | |
| Common StockF2 | May 25, 2017 | A | 20,435 | $37.83 | A | 302,239 | D | |
| Common StockF3 | May 25, 2017 | A | 10,000 | $37.83 | A | 312,239 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares will vest 25% annually beginning in 2018 through 2021. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
- F2Shares will vest on January 1, 2020 based upon achieving certain total shareholder returns. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.
- F3The shares will vest 60% on April 28, 2020 and 40% on April 28, 2022 (assuming employment contract is renewed). The Reporting Person has voting and dividend rights on all of these shares, including unvested.