---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-281481"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T23:03:13.477057+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-281481
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000119312523281481/0001193125-23-281481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000119312523281481/d935543d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-281481
- JSON: https://secwatch.observer/filing/0001193125-23-281481.json
- Plain text: https://secwatch.observer/filing/0001193125-23-281481.txt

## Key facts
- Executive change
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000119312523281481/0001193125-23-281481-index.htm

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