Julian E. Whitehurst served as the Chief Executive Officer of National Retail Properties, Inc. until April 2022. He has an extensive background in leadership roles within the company, having been promoted from President to CEO. Julian has been a significant...

Julian E. Whitehurst served as the Chief Executive Officer of National Retail Properties, Inc. until April 2022. He has an extensive background in leadership roles within the company, having been promoted from President to CEO. Julian has been a significant player in the company’s operations since 2004, first as Chief Operating Officer and then as President. His educational background includes a Bachelor's degree in Business Administration. During his tenure, he achieved strong financial performance, with notable metrics such as a Core Funds from Operations (FFO) per share of $3.14 in 2022, and he successfully executed major acquisitions to enhance the company's portfolio. After retiring, his compensation included a prorated performance bonus and a consulting agreement worth $60,000 per month for transition support. His insider trading activity showed fluctuations in holdings, with significant values around $27 million in 2023. Julian has also been involved in various industry associations, including serving on the board of InvenTrust Properties, demonstrating his commitment to the real estate investment field.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other NNN REIT CEOs

N

Julian E. Whitehurst

Ex-CEO of NNN REIT

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

January 1, 1963 - 62 years ago

CEO of NNN REIT for

5 years 0 months (Apr 2017 - Apr 2022)

Previous Experience

President and Chief Operating Officer at National Retail Properties, Inc.

Rivals

Competitors/colleagues of Julian E. Whitehurst

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 Julian E. Whitehurst make over time.

Julian E. Whitehurst's holdings fluctuated significantly during his career. His insider trading activities were notable, often reflecting values over $20 million in holdings. For instance, in 2019, his holdings peaked at around $23.42 million. This value saw ups and downs...

Julian E. Whitehurst's holdings fluctuated significantly during his career. His insider trading activities were notable, often reflecting values over $20 million in holdings. For instance, in 2019, his holdings peaked at around $23.42 million. This value saw ups and downs until reaching values around $27 million in 2022, where it remained generally stable. As of October 2023, his holdings are valued approximately at $20.78 million, indicating a decline from previous levels, but still a substantial amount showcasing his investment commitment during and after his CEO tenure. His strategic decisions on buying and selling shares directly hint at an understanding of market conditions.

Mar 18, 2025

N

shares

NNN @ $42.23

Total Stock Sold

$18.28M

NNN

$18.28M

438,481 NNN shares

What if they kept their stock?

If Julian E. Whitehurst didn't sell their stock, today they would have:
Extra NNN438,481 shares worth $16.60M.
This is -9.2% and $1.68M less than what they got when they sold the stock.

Charitable Transactions

NNN

12,771 shares

NNN

Recent Charitable Transactions

NNN

$166.25K

NNN at $55.42/share

Nov 26, 2019

Charity

NNN

$164.09K

NNN at $45.95/share

Aug 30, 2018

Charity

NNN

$165.36K

NNN at $41.34/share

Nov 30, 2017

Charity

NNN

$67.36K

NNN at $30.62/share

Aug 22, 2012

Charity

Insider Trading

See recent insider trades of Julian E. Whitehurst.

NNN

$4.92M

NNN at $42.34/share

Feb 15, 2022

Received

NNN

$1.52M

NNN at $44.39/share

Mar 15, 2021

Sale

NNN

$6.05M

NNN at $42.30/share

Feb 16, 2021

Received

NNN

$804.97K

NNN at $40.18/share

Nov 23, 2020

Sale

NNN

$786.92K

NNN at $48.87/share

Mar 11, 2020

Sale

NNN

$5.73M

NNN at $56.42/share

Feb 12, 2020

Received

NNN

$166.25K

NNN at $55.42/share

Nov 26, 2019

Charity

NNN

$1.31M

NNN at $54.47/share

Aug 15, 2019

Received

NNN

$1.79M

NNN at $52.64/share

Feb 22, 2019

Sale

NNN

$5.05M

NNN at $53.70/share

Feb 12, 2019

Received

Compensation History

See how much did Julian E. Whitehurst make over time.

In 2022, Julian E. Whitehurst's total compensation was approximately $5 million, which included a base salary of $298,333, a proration of his annual performance bonus of about $783,125, and other benefits totaling over $1.2 million. This sum reflects his successful leadership and the company’s performance under his guidance. His earlier compensation peaked at about $7.7 million in 2021, reflecting bonuses tied to performance metrics like Core FFO per share. After announcing his retirement, he shifted to a consulting role, preserving his financial alignment with the company and its shareholders with monthly fees which guaranteed ongoing support while he transitioned out of the CEO position.

Year

2022

Total Compensation

$2.38M

Salary

$298.33K

Board Justification

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

Bonus

$783.13K

Board Justification

Annual performance bonus based on actual performance prorated for 2022 due to retirement on April 28, 2022.

Other

$1.30M

Board Justification

Includes health benefit payment of $17,485, monthly consulting payment of $60,000 for 8 months totaling $480,000, and 401(k) contributions.

Restricted Stock

$0.00(0 performance-based restricted stock)

Board Justification

No service-based restricted shares were awarded due to retirement; performance-based restricted stock will continue to vest as per the agreed schedule.

Performance Metrics

Core FFO per share of $3.14, exceeding the maximum performance hurdle.

Other NNN REIT CEOs

Here are other CEOs of NNN REIT

Craig Macnab

Ex-CEO of NNN REIT

May 2006 - April 2017

Stephen A. Horn, Jr.

CEO of NNN REIT

April 2022 - Present