---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-004201"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:57:02.785586+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NNN REIT CFO Kevin Habicht to retire Mar 31, 2025; Vincent Chao appointed successor

## Summary
- Kevin Habicht to retire as EVP/CFO effective March 31, 2025; will provide up to 20 months consulting at $45k/month.
- Vincent Chao appointed EVP Jan 9, 2025, and will become CFO, Asst. Secretary, Treasurer on April 1, 2025.
- Chao receives $500k base salary, $75k sign-on with 25% tax gross-up, 10,000 restricted shares vesting Jan 2028.
- Chao most recently Managing Director Finance at RPT Realty; previously Head of U.S. REIT Research at Deutsche Bank.
- Habicht's time-based restricted stock awards vest immediately; performance-based awards vest prorated through consulting period.

## SEC filing metadata
- accession: 0000950170-25-004201
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017025004201/0000950170-25-004201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017025004201/nnn-20250106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-004201
- JSON: https://secwatch.observer/filing/0000950170-25-004201.json
- Plain text: https://secwatch.observer/filing/0000950170-25-004201.txt

## Key facts
- Executive change
  Vincent H. Chao changed role as Chief Financial Officer, Assistant Secretary, Treasurer at NNN REIT, INC..
  - Action: will assume
  - Role: Chief Financial Officer, Assistant Secretary, Treasurer
  source text: Effective on April 1, 2025, Mr. Chao will assume the positions of Chief Financial Officer, Assistant Secretary and Treasurer
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017025004201/0000950170-25-004201-index.htm
- Executive change
  Vincent H. Chao was appointed as Executive Vice President at NNN REIT, INC..
  - Action: appointed
  - Role: Executive Vice President
  source text: the Board has appointed Vincent H. Chao, age 50, as Mr. Habicht’s successor. As of January 9, 2025 (such date, the “Appointment Effective Date”), Mr. Chao will be appointed as an Executive Vice President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017025004201/0000950170-25-004201-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.