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NNN REIT, INC. Director's Dealing 2022

May 3, 2022

30741_dirs_2022-05-03_f1a7e8fd-8185-47d8-9051-031648cf9992.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RETAIL PROPERTIES, INC. (NNN)
CIK: 0000751364
Period of Report: 2022-04-29

Reporting Person: Horn Stephen A JR (EVP & Chief Operating Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2022-04-29 Common Stock A 9115 $45.80 Acquired 216689 Direct
2022-04-29 Common Stock A 10000 $45.80 Acquired 226689 Direct
2022-04-29 Common Stock A 42536 $45.80 Acquired 269225 Direct

Footnotes

F1: The shares will vest 25% annually beginning on 2023 through 2026. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.

F2: The grant provides for a cliff vesting whereby 60% of the shares will vest at the end of a three year period ending in 2025 and 40% of the shares will vest at the end of a five year period ending in 2027. The reporting person has voting and dividend rights on all of these shares.

F3: Shares will vest on January 1, 2025 based on achieving certain company performance measures. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.