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...

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 Officer before taking the top job. Steve has a solid background in business, holding a Bachelor's degree in Business Administration. In terms of performance, his leadership is reflected in impressive annual bonuses; in 2023, he received a remarkable cash bonus of nearly $6.4 million based on company performance metrics. Steve's holdings in the company have seen significant fluctuations; for instance, his net worth from stocks peaked around $24 million just last year. Notably, he also received a one-time stock grant when he became COO, aligning his interests closely with those of the shareholders. With a blended experience in operations and acquisitions, Steve remains a pivotal figure in steering the company's growth in the competitive retail real estate market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other NNN REIT CEOs

N

Stephen A. Horn, Jr.

CEO of NNN REIT

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

January 1, 1972 - 53 years ago

CEO of NNN REIT for

3 years 0 months (Apr 2022 - Present)

Previous Experience

Chief Acquisition Officer at National Retail Properties, Inc.

Rivals

Competitors/colleagues of Stephen A. Horn, Jr.

F

William H. Lenehan

CEO of Four Corners Property Trust

2023 Compensation

Stock

$167.50K

Salary

$670.00K

Bonus

$837.50K

Other

$254.28K

Total Holdings

$17.55M

E

Peter M. Mavoides

CEO of Essential Properties Realty Trust

2023 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$1.72K

Other

$20.00

Total Holdings

$10.13M

W

Jason E. Fox

CEO of W.P. Carey Inc.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.50M

Other

$33.00K

Total Holdings

$64.83M

R

Lisa Palmer

CEO of Regency Centers

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.71M

Other

$20.22K

Total Holdings

$9.99M

V

Monica Howard Douglas

CEO of VICI Properties Inc.

2023 Compensation

Stock

$2.33M

Salary

$1.00M

Bonus

$0.00

Other

$27.68K

Total Holdings

$4.12M

Holdings

See how much did Stephen A. Horn, Jr. make over time.

As of 2023, Steve Horn's holdings in National Retail Properties, Inc. are noteworthy. His wealth primarily comes from stock holdings, peaking at around $26.9 million this year. The value of his stock has seen significant changes, historically marking slower growth...

As of 2023, Steve Horn's holdings in National Retail Properties, Inc. are noteworthy. His wealth primarily comes from stock holdings, peaking at around $26.9 million this year. The value of his stock has seen significant changes, historically marking slower growth phases around $7 million in early 2021. His trading history reflects an upward trend, with substantial transactions throughout 2023 amounting to over $20 million. This indicates both confidence in the company and an ability to make strategic moves in the market. With years dedicated to the company, Steve now significantly benefits from the value he has helped create over time.

Mar 18, 2025

N

shares

NNN @ $42.23

Total Stock Sold

$6.57M

NNN

$6.57M

146,642 NNN shares

What if they kept their stock?

If Stephen A. Horn, Jr. didn't sell their stock, today they would have:
Extra NNN146,642 shares worth $4.57M.
This is -30.44% and $2.00M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Stephen A. Horn, Jr..

NNN

$8.94M

NNN at $40.44/share

Feb 17, 2025

Received

NNN

$1.31M

NNN at $46.62/share

Aug 23, 2024

Sale

NNN

$7.76M

NNN at $39.72/share

Feb 14, 2024

Received

NNN

$6.27M

NNN at $46.65/share

Feb 15, 2023

Received

NNN

$2.82M

NNN at $45.80/share

Apr 29, 2022

Received

NNN

$2.30M

NNN at $42.34/share

Feb 15, 2022

Received

NNN

$2.07M

NNN at $42.30/share

Feb 16, 2021

Received

NNN

$589.02K

NNN at $42.07/share

Dec 28, 2020

Sale

NNN

$349.80K

NNN at $34.98/share

Aug 24, 2020

Received

NNN

$1.01M

NNN at $56.27/share

Feb 14, 2020

Sale

Compensation History

See how much did Stephen A. Horn, Jr. make over time.

In 2023, Stephen A. Horn, Jr. received a total compensation of $7.1 million, including a base salary of $137,500 and an astonishing cash bonus of about $6.4 million, linked to the company’s performance. Notably, he earned substantial vested stock awards valued at approximately $5.7 million, which shows his commitment to long-term growth. His compensation aligns with a philosophy designed to attract and retain executive talent while linking pay to performance metrics. In the previous year, he earned a total of $6.9 million, highlighting steady compensation growth alongside the company’s success. Steve's earnings structure demonstrates how performance-based incentives are tied closely to NNN's achievements.

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.

Other NNN REIT CEOs

Here are other CEOs of NNN REIT

Julian E. Whitehurst

Ex-CEO of NNN REIT

April 2017 - April 2022