Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 44

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 44
---
979,324 |
| Kevin B. Habicht (1) |     |              45,585 |     |      1,964,714 |
| Jonathan A. Adamo    |     |               7,925 |     |        426,959 |
| Michelle L. Miller   |     |               8,251 |     |        355,618 |

Mr. Habicht will retire from the Company effective March 31, 2025.

The following table provides information regarding the Company's equity compensation plans as of December 31, 2024.

<div align='center'>Equity Compensation PlanInformation</div>

| Plan category                                                | Number of securities to be 
 issued upon exercise of    
 outstanding options,       
 warrants and rights (2)    
 (a)                        |     | Weighted average exercise 
 price of outstanding      
 options, warrants and     
 rights (2)                
 (b)                       |     |     Number of securities 
  remaining available for 
    future issuance under 
             equity plans 
    (excluding securities 
 reflected in column (a)) 
                      (c) |
| Equity compensation plans approved by security holders (1)   | -                          |     | -                         |     |                4,520,013 |
| Equity compensation plans not approved by securities holders | -                          |     | -                         |     |                        - |
| Total                                                        | -                          |     | -                         |     |                4,520,013 |

Consists entirely of common shares authorized for issuance under the 2017 Performance Incentive Plan.

Excludes 151,023 phantom shares credited under the Deferred Fee Plan for Directors. No exercise price is required to be paid upon the vesting of restricted shares.

<div align='center'>44</div>

Potential Payments Upon Termination or Change of Control

For purposes of the discussion that follows, Messrs. Habicht, Horn and Adamo and Mses. Steffens and Miller are collectively referred to herein as the “Executives” and each, an “Executive.” Mr. Habicht's Retirement and Transition Agreement is discussed separately under "Payments Upon Retirement of Mr. Habicht."

Employment Agreements

Effective December 1, 2008, the Company entered into new employment agreements with Mr. Habicht to comply with Section 409A of the Code, which was subsequently amended effective November 8, 2010. The Company entered into an employment agreement with Ms. Miller on February 15,