Stephen Horn compensation by year
NNN REIT Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $325,000 | $335,000 | $345,000 | $400,000 | $435,000 | $515,000 | $700,000 | $825,000 | $925,000 | $975,000 |
| Bonus | $0 | $0 | $0 | $0 | $382,800 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $900,620 | $829,943 | $872,110 | $1,560,197 | $1,310,439 | $1,474,411 | $3,958,062 | $4,385,780 | $5,808,642 | $6,664,544 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $428,571 | $502,500 | $399,830 | $474,000 | $0 | $1,184,500 | $2,100,000 | $1,964,531 | $1,665,000 | $2,069,437 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $112,173 | $107,511 | $65,324 | $39,665 | $15,591 | $15,283 | $18,637 | $19,343 | $19,856 | $21,945 |
| Total | $1,766,364 | $1,774,954 | $1,682,264 | $2,473,862 | $2,143,830 | $3,189,194 | $6,776,699 | $7,194,654 | $8,418,498 | $9,730,926 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: NNN REIT, INC. DEF 14A filed March 23, 2026, accession 0001193125-26-118585, and prior-year filings. Open the filing on EDGAR.
How this page was built: the NNN REIT, INC. filed document, accession 0001193125-26-118585. Every figure is read from that document and cited to the page and table it appears in. Filed March 23, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 182,014 | $7,213,215 | — |
| PSU | 160,898 | $6,376,388 | — |
| RSU | 125,610 | $4,977,924 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in NNN REIT, INC.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
NNN REIT’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Stephen Horn · this page | President and Chief Executive Officer | $9,730,926 |
| Kevin Habicht | Former Executive Vice President, Chief Financial Officer, Assistant Secretary and Treasurer | $3,458,317 |
| Vincent Chao | Executive Vice President, Chief Financial Officer, Assistant Secretary and Treasurer | $3,307,343 |
| Jonathan Adamo | Executive Vice President, Chief Portfolio Officer | $2,076,870 |
| Gina Steffens | Executive Vice President, General Counsel and Secretary | $1,933,961 |
| Michelle Miller | Executive Vice President, Chief Accounting Officer and Chief Technology Officer | $1,728,762 |
Board service
NNN REIT board · FY2021–FY2025How this board is paid
Company policy: NNN REIT pays directors a $225,000 cash retainer and $145,000 in Common Stock. As stated in NNN REIT's FY2025 proxy.
Committees
Audit
The full NNN REIT compensation record
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are NNN REIT's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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