Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 21

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 21
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 the remainder paid in shares of the Company’s common stock. All retainers are paid on a quarterly basis. Committee retainers may be paid in cash or stock at the election of the non-employee director.

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The following table shows the compensation paid to our non-employee directors during fiscal year 2024:

| Name                     |     | Fees Earned 
  or Paid in 
        Cash 
           $ |     |     Stock 
 Awards(1) 
         $ |     |   Total 
       $ |
| (a)                      |     |          -b |     |        -c |     |      -d |
| Pamela K. M. Beall       |     |     102,500 |     |   145,000 |     | 247,500 |
| Steven D. Cosler(2)      |     |           - |     |   345,000 |     | 345,000 |
| David M. Fick(2)         |     |     120,000 |     |   145,000 |     | 265,000 |
| Edward J. Fritsch        |     |     115,000 |     |   145,000 |     | 260,000 |
| Elizabeth C. Gulacsy (2) |     |      80,000 |     |   157,500 |     | 237,500 |
| Betsy D. Holden(2)       |     |     117,500 |     |   145,000 |     | 262,500 |
| Kamau O. Witherspoon (2) |     |      51,250 |     |   196,250 |     | 247,500 |

The awards shown in column (c) represent stock awards as a result of an annual election to receive stock in lieu of cash made to directors of the Company. The amounts represent the grant date fair value with respect to the fiscal year in accordance with Financial Accounting Standard Board ("FASB") Accounting Standard Codification ("ASC") Topic 718, Compensation - Stock Compensation ("ASC 718").

The stock awards earned were deferred into shares of our common stock under our Deferred Fee Plan, which is described in greater detail below.

Pursuant to our Equity Retention Policy for Covered Persons, which governs stock holding period requirements, each of our non-employee directors is required to own Common Stock equivalent to three times