Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 62

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 62
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 hours expended on Ernst & Young LLP’s engagement to audit our financial statements were attributed to work performed by persons other than full-time, permanent employees of Ernst & Young LLP.

Pursuant to our Audit Committee charter, the Audit Committee may delegate pre-approval authority to the Chairperson of the Audit Committee, who shall promptly advise the remaining members of the Audit Committee of such approval at the next regularly scheduled meeting.

The Board of Directors unanimously recommends a vote "FOR" ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2025.

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SECURITY OWNERSHIP</div>

The following tables set forth, as of February 28, 2025 (except as described in the footnotes), based on 188,033,109 shares of common stock outstanding on that date, the number and percentage of outstanding shares of Common Stock beneficially owned by all persons known by the Company to own beneficially more than five percent of the Company’s Common Stock, by each director and nominee, by each of the persons named in the Summary Compensation Table under “Executive Compensation,” above, and by all officers and directors as a group, based upon information furnished to the Company by such stockholders, officers and directors. Unless otherwise noted below, the persons named in the tables have sole voting and sole investment power with respect to each of the shares beneficially owned by such person.

|                                    |     |   Amount and 
    Nature of |     |          |
|                                    |     |   Beneficial 
 Ownership of |     | Percent  |
| Stockholders Holding 5% or More    |     | Common Stock |     | of Class |
| The Vanguard Group, Inc.(1)        |     |   27,021,535 |     | 14.4%    |
| 100 Vanguard Blvd.                 |     |              |     |          |
| Malvern, PA 19355                  |     |              |     |          |
| BlackRock, Inc.(2)                 |     |   21,246,504 |     | 11.3%    |
| 50 Hudson Yards                    |     |              |     |          |
| New York, NY 10001                 |     |              |     |          |
| FMR LLC(3)                         |     |   15,827,176 |     | 8.4%     |
| 245 Summer Street