Stephen A. Horn, Jr. has been leading National Retail Properties, Inc. (NNN) as its CEO since April 2022. His career at the company has been extensive, starting in 2003 in acquisitions and moving up through the ranks to Chief Operating...

Number of Employees

77

Year

2023

Total Compensation

$12.32M

Salary

$137.50K

Board Justification

The compensation program is designed to attract and retain talented executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$6.44M

Board Justification

Annual cash incentive bonus based on performance metrics, paid in a single lump sum.

Other

$28.43K

Board Justification

Other compensation includes health benefits and perquisites.

Restricted Stock

$5.72M(1.24M RSU)

Board Justification

Value of service-based restricted stock awards that vested in 2023, calculated based on the Company's closing stock price.

Performance Metrics

Core FFO per share, relative total shareholder return, and leverage ratio.

SEC Filing

From March 22, 2024