secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0000950170-24-137241
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT enters employment letter with EVP/CAO/CTO Miller effective Jan 1 2025; $350k base, 2x severance
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- Employment letter replaces 2018 agreement; Miller continues as EVP, Chief Accounting Officer and Chief Technology Officer.
- Base salary $350,000 per year; eligible for annual cash bonus and equity awards under the 2017 Performance Incentive Plan.
- Designated participant in Executive Severance Plan with termination payment multiple of 2 and change-of-control multiple of 2.
- Severance benefits include cash payments, health coverage, and equity vesting, subject to non-compete, non-solicitation, and release.
- Fringe benefits include $500/month car allowance and life insurance equal to annual salary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017024137241/0000950170-24-137241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017024137241/nnn-20241216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-137241

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