NNN REIT EVP, General Counsel Chris Tessitore to retire Jan 1, 2024; consulting agreement in place

NNN REIT, INC.

Chris Tessitore steps down as General Counsel and Secretary on Nov 30, 2023, remains EVP until Jan 1, 2024 retirement.
15,740 time-based restricted stock units vest immediately; performance-based awards continue vesting with proration.
Monthly consulting fee of $20,416.66 for up to 20 hours/week during the 12-month transition period.
Non-competition and non-solicitation covenants expire Jan 1, 2025; health benefits and 2023 bonus included.
Retirement and transition agreement filed as Exhibit 10.1; no named successor disclosed.

item 5.02 item 9.01

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Departed

Chris Tessitore

Executive Vice President, General Counsel and Secretary

NNN · NNN REIT, INC.

Effective: 2024-01-01
Filed: November 21, 2023, 6:59 PM ET

On November 21, 2023, NNN REIT, Inc. (the “Company”) announced that Chris Tessitore, the Company’s Executive Vice President, General Counsel and Secretary (the “EVP and GC”) of the Company will retire from employment with the Company effective as of January 1, 2024

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Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Tessitore retired as Executive Vice President, General Counsel and Secretary at NNN REIT, INC..

Action: retired
Role: Executive Vice President, General Counsel and Secretary

Exact text from the filing

On November 21, 2023, NNN REIT, Inc. (the “Company”) announced that Chris Tessitore, the Company’s Executive Vice President, General Counsel and Secretary (the “EVP and GC”) of the Company will retire from employment with the Company effective as of January 1, 2024

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NNN REIT, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-281481

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