Company: NNN
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000950170-25-042337
Chunk: 40

Company: NNN REIT, INC.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 40
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1,300,888 |
|                                                                                                        |     | 2022 |     | 290,000 |     |   361,889 |     |      435,000 |     | -     |     |       33,612 |     | 1,120,501 |

The amounts in column (d) represent the grant date fair value of the restricted stock awards with respect to the fiscal year in accordance with FASB ASC Topic 718 assuming "maximum" performance is achieved. Further information regarding the valuation of stock awards and any assumptions made can be found in Note 9 in the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2024. (See discussion under "Compensation and Discussion Analysis - Long-Term Incentive Compensation.")

The amounts in column (g) represent:

the Company’s contribution to the Company’s 401(k) plan on behalf of each of the NEOs in an amount of $17,950 in 2024, $17,550 in 2023, and $16,800 in 2022, with the exception of Ms. Steffens who received a contribution of $14,950 in 2024.

group term life insurance and executive life insurance premiums paid by the Company for the benefit of the NEOs during 2024, 2023 and 2022, of $1,906, $1,793 and $1,837, respectively, for Mr. Horn, $4,780, $3,171 and $3,316, respectively, for Mr. Habicht, $1,561, $1,037 and $949, respectively, for Ms. Miller, $456 and $716 for 2024 and 2023, respectively, for Mr. Adamo, and $376 for 2024 for Ms. Steffens; and

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reimbursement payments for taxes incurred in connection with the vesting of restricted stock awards vested during 2024 and 2023 for Mr. Adamo of $85,392 and $86,944, respectively. Ms. Miller received reimbursement payments for taxes in 2023 and 2022 of $7,550 and $15,863, respectively. No tax reimbursements have been provided for vesting of restricted stock granted to executive officers since 2009, with the exception of Mr. Adamo and Ms. Miller who received tax reimburse