Form 4: NNN REIT EVP, Chief Financial Officer Kevin B. Habicht Sells $1.1 Million in Common Stock
SEC Form 4 Filing
Kevin B. Habicht, EVP and Chief Financial Officer of NNN REIT, Inc., sold 24,222 shares of common stock for approximately $1.1 million on August 20, 2024.
Summary
- On August 20, 2024, Kevin B. Habicht, the EVP and Chief Financial Officer of NNN REIT, Inc. (NNN), sold 24,222 shares of the company's common stock.
- The sale was executed at a price of $45.93 per share.
- Following the transaction, Habicht directly owns 301,827 shares of NNN REIT, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting a sale of shares by a company executive. It is neutral in tone and provides factual information about the transaction. The sentiment is therefore considered neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This sale by the CFO is a data point for investors to consider, but without further context, it's difficult to determine the motivation behind the sale.
Stakeholder Impact
- Shareholders may interpret the sale as a lack of confidence in the company's future prospects, although it could also be for personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the transaction: Kevin B. Habicht sold 24,222 shares of NNN REIT, Inc. common stock. |
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