secwatch.observer — SEC 8-K summary
======================================

Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0000950170-25-004201
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017025004201/0000950170-25-004201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017025004201/nnn-20250106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-004201

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer