Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 22

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 22
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 the annual total board compensation (including both the cash and equity components) within five years of becoming a board member. The Compensation Committee reviews progress toward meeting these ownership requirements annually, and each of the nominees that has served on the Board of Directors for the requisite number of years exceeds the ownership requirements.

A Deferred Fee Plan was established by the Company for the benefit of its directors and their beneficiaries. A director may elect to defer all or part of his or her director’s fees to be earned in any calendar year by filing a deferred fee agreement with the Company no later than December 15 of the previous year. A director has the option to have deferred fees paid in cash, in shares of Common Stock or in a combination of cash and Common Stock. If the director elects to have the deferred fees paid in stock, the number of shares allocated to the director’s stock account is determined based on the market value of the Common Stock on the trading day preceding the date the deferred director’s fees were earned. A director is entitled to receive the vested portion of the amounts credited to his or her deferred fee account at the time specified in such director’s fee agreement.

The following table sets forth fees deferred into shares of Common Stock, as well as dividends earned on the deferred shares by directors under the Deferred Fee Plan.

|                      |     | Number of Shares Credited to 
         Deferred Fee Account |     |         |
| Name                 |     |                         2024 |     |   Total |
| Steven D. Cosler     |     |                        9,921 |     |  42,766 |
| David M. Fick        |     |                        6,324 |     |  60,217 |
| Elizabeth C. Gulacsy |     |                        4,063 |     |  10,386 |
| Betsy D. Holden      |     |                        4,451 |     |  23,496 |
| Kamau O. Witherspoon |     |                        5,125 |     |  14,158 |
| Total                |     |                       29,884 |     | 151,023 |

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Code of Business Conduct, Insider Trading Policy and Anti-Corruption Policy

Our directors, as well as our officers and employees, are also governed by our Code of Business Conduct,Insider Trading Policyand Anti-Corruption Policy, all of which are available on our website athttp://www.nnnreit.com