SEC Form 4 · accession 0000751364-19-000040
NNN REIT, INC. · NNN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Paul Tessitore
Officer — Executive Officer
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 8:46 am EST
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 | Feb 12, 2019 | A | 2,892 | $53.70 | A | 111,578 | D | |
| Common StockF2 | Feb 12, 2019 | A | 17,351 | $53.70 | A | 128,929 | D | |
| Common StockF3 | Feb 12, 2019 | A | 5,784 | $53.70 | A | 134,713 | D | |
| Common StockF4 | Feb 12, 2019 | D | 476 | $0.00 | D | 134,237 | D | |
| Preferred Shares | holding | — | — | — | 2,550 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares will vest 25% annually beginning in 2020 through 2023. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
- F2Shares will vest on January 1, 2022 based upon achieving certain total shareholder returns. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.
- F3Shares will vest on January 1, 2022 based on achieving certain company performance measures. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.
- F4Restricted shares forfeited as a result of certain conditions not begin met.