NHI · National Health Investors, Inc.

National Health Investors, Inc. (NHI) announced a planned CFO succession. John Spaid will retire on July 1, 2026, after serving as Executive Vice President of Finance, CFO, and Treasurer. His retirement is not due to any disagreement with the company. To ensure a smooth transition, Todd Siefert has been appointed as Executive Vice President Corporate Finance, effective June 1, 2026, and will assume the CFO role upon Spaid's retirement. Siefert brings over 25 years of corporate finance and REIT experience, having served as CFO of Hillsboro Residential and previously as Senior Vice President of Corporate Finance and Treasurer at Ryman Hospitality Properties. His compensation package includes a $500,000 base salary, prorated 2026 incentive awards, a $100,000 signing bonus, and a stock option grant. The company also entered into a Transition Agreement with Spaid, providing for accelerated vesting of certain equity awards, a prorated bonus, and continued health coverage through year-end, subject to a release of claims and six-month non-compete and non-solicitation covenants. This orderly succession minimizes disruption and leverages Siefert's capital markets expertise.