Form 4: NNN REIT CEO Stephen Horn Jr. Sells 28,192 Shares
SEC Form 4 Filing
NNN REIT's President and CEO, Stephen A. Horn Jr., sold 28,192 shares of common stock at a price of $46.62 on August 23, 2024.
Summary
- On August 23, 2024, Stephen A. Horn Jr., President and CEO of NNN REIT, Inc., sold 28,192 shares of the company's common stock.
- The transaction was executed at a price of $46.62 per share.
- Following the transaction, Horn directly owns 557,451 shares of NNN REIT.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- Shareholders may react to the CEO's stock sale, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of the transaction: Stephen A. Horn Jr. sold 28,192 shares of NNN REIT common stock. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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