Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 13

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 13
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 otherwise would have been awarded based on the restated financial statements. The recovery period is the three completed fiscal years immediately preceding the date that the Compensation Committee concludes, or reasonably should have concluded, that we are required to restate our financial statements. Incentive-based compensation includes any compensation (including equity-based compensation) that is earned based on the attainment of a financial reporting measure of the Company;

none of our employees are paid commission compensation;

bonus and incentive awards to our employees eligible for bonus awards are capped; and

we base executive compensation on several critical success factors over multiple time frames.

Given these factors, we believe we have mitigated potential short-term excessive risk-taking and aligned compensation with increasing long-term stockholder value.

Meetings and Attendance. Our corporate governance guidelines provide that it is the responsibility of individual directors to make themselves available to attend scheduled and special Board meetings on a consistent basis. All of the eligible directors attended at least (i) 86 percent of the meetings of the Board of Directors in 2024, including 100 percent attendance for the 2024 annual meeting of the Company's stockholders, and (ii) 92.3 percent of the committee meetings held during the period that the nominee served on the committees of the Board of Directors. Non-management members of the Board of Directors met in an executive session four times in the fiscal year ended December 31, 2024. These sessions were presided over by Mr. Cosler in his capacity as Chairperson.

(*)Includes Annual Stockholder Meeting

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Interested Party Communications. The Board of Directors has adopted a process whereby stockholders and other interested parties can send communications to our directors. Anyone wishing to communicate directly with one or more directors may do so in writing addressed to the director or directors, c/o NNN REIT, Inc., 450 South Orange Avenue, Suite 900, Orlando, Florida 32801, attention: Secretary of the Company. All correspondence will be reviewed by the Secretary of the Company and forwarded directly to the addressee so long as, in the Secretary’s discretion, such correspondence is reasonably related to protecting or promoting legitimate interests of interested parties or the reliability of the financial markets.

Corporate Sustainability Matters

We are dedicated to ensuring success for our stockholders, creating an engaging working environment for our associates, enhancing our community and conserving environmental resources. We conduct our business in accordance with the highest ethical standards and strive to maintain top tier corporate governance practices. Upholding such standards is critical to our long