{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-014868","form_type":"8-K","ticker":"NNN","cik":"0000751364","company_name":"NNN REIT, INC.","filed_at":"2022-01-21T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.677816+00:00","generated_at":"2026-06-27T16:39:36.786609+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CEO Jay Whitehurst to retire Apr 28; Steve Horn named successor effective Apr 29","bullets":["Whitehurst retires as President and CEO effective April 28, 2022; will serve as consultant for 20 months at $60k/month.","Steve Horn (current EVP/COO) appointed President and CEO effective April 29, 2022; base salary $750k.","Whitehurst's time-based restricted stock awards (55,184 shares) vest immediately; performance-based awards continue per original terms.","Horn designated as participant in new Executive Severance Plan with termination multiple of 2.5x and change-of-control multiple of 3x."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-014868","json":"https://secwatch.observer/filing/0001193125-22-014868.json","markdown":"https://secwatch.observer/filing/0001193125-22-014868.md","text":"https://secwatch.observer/filing/0001193125-22-014868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751364/000119312522014868/0001193125-22-014868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751364/000119312522014868/d209621d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T16:39:36.786609+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e8ac52b8f","claim":"Stephen A. Horn Jr. was appointed as President and Chief Executive Officer at NNN REIT, INC..","evidence_excerpt":"the Board has appointed Steve Horn, age 50, the Company’s current Executive Vice President and Chief Operating Officer, as Mr. Whitehurst’s successor effective as of April 29, 2022","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751364/000119312522014868/0001193125-22-014868-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"eb80d958cf","claim":"Julian E. Whitehurst departed as President and Chief Executive Officer at NNN REIT, INC..","evidence_excerpt":"Jay Whitehurst, the Company’s President and Chief Executive Officer (the “President and CEO”) and a member of the Board of Directors (the “Board”) of the Company, and the Board mutually agreed that Mr. Whitehurst will retire from employment with the Company and as a member of the Board effective as of April 28, 2022","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751364/000119312522014868/0001193125-22-014868-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}