Craig Macnab served as the CEO of National Retail Properties, Inc. from May 16, 2006, until his retirement on April 28, 2017. With a Bachelor’s degree in Business Administration, he brought a solid foundation in business strategy and operations to...

Number of Employees

77

Year

2017

Total Compensation

$9.00M

Salary

$772.50K

Board Justification

The compensation program is designed to attract and retain talented executives, motivate them to perform to their fullest potential, and align their interests with those of stockholders through a mix of fixed and variable pay.

Bonus

$386.25K

Board Justification

Annual performance bonus at the target level prorated for 2017 in the amount of $386,250 due to retirement on April 28, 2017.

Other

$1.66M

Board Justification

Includes cash severance payment, health benefits, and consulting payment.

Restricted Stock

$6.19M(141.02K common stock)

Board Justification

Accelerated vesting of service-based restricted stock awards, granted prior to April 28, 2017, with a value of $1,888,676, which is equal to the fair value of stock awarded at retirement date.

Performance Metrics

Annual cash incentive awards based on FFO per share results, with maximum performance goals achieved in 2017.

SEC Filing

From March 21, 2018