Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 58

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 58
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 - |          - |          - |          - |     29,913 |
| Change in fair value for equity awards vested in the current year that were granted in a prior year                              |     |    -36,641 |     11,248 |    -10,217 |     18,156 |    -31,578 |
| Addition for the common stock dividends paid on unvested stock awards                                                            |     |    111,966 |    115,690 |     61,301 |    140,539 |    140,930 |
| Total Adjustments                                                                                                                |     |   -192,545 |   -207,346 |  1,080,042 |     90,949 | -1,177,599 |

(5) T he named executive officers included in the non-CEO named executive average for each year are as follows:

| 2024 | Messrs. Habicht and Adamo and Mses. Steffens and Miller |
| 2023 | Messrs. Habicht, Tessitore and Adamo and Ms. Miller     |
| 2022 | Messrs. Habicht and Tessitore and Ms. Miller            |
| 2021 | Messrs. Horn, Habicht and Tessitore and Ms. Miller      |
| 2020 | Messrs. Horn, Habicht, Tessitore and Bayer              |

The reported amount of compensation actually paid to our CEO, and the reported average amount of compensation actually paid to our non-CEO executive officers, is primarily driven by the value of our executives’ unvested equity. Further, as discussed in the Compensation Discussion and Analysis, our TSR is a component metric in our long-term incentive plan, and Core FFO per share is a component metric of our cash incentive bonus. As a result, the TSR figures reported above have a strong correlation to our executives’ calculated CAP, while Core FFO per share has a lesser degree of impact on and correlation to the compensation actually paid figures.

The following metrics represent the three most important financial performance measures as well as subjective strategic and individual goals used by the Company in setting NEO compensation for the most recent fiscal year: • Core FFO per share • Leverage ratio (total liabilities divided by gross book assets ) • Subjective strategic and individual goals: • G&A expense • Acquisition volume • Portfolio occupancy

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PROPOSAL 2

ADVISORY VOTE ON EXECUTIVE COMPENSATION</