Michael R. Pfeiffer - Jun 29, 2021 Form 4 Insider Report for REALTY INCOME CORP (O)

Signature
Michael R. Pfeiffer
Stock symbol
O
Transactions as of
Jun 29, 2021
Transactions value $
-$411,165
Form type
4
Date filed
7/1/2021, 07:46 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction O Common Stock Award $0 +2.43K +5.26% $0.00 48.6K Jun 29, 2021 Direct F1
transaction O Common Stock Tax liability -$88.8K -1.31K -2.69% $67.95 47.2K Jun 29, 2021 Direct F2
transaction O Common Stock Tax liability -$322K -4.83K -10.22% $66.74 42.4K Jun 30, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael R. Pfeiffer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted stock units granted through an incentive plan; no consideration was paid. The restricted stock units vest immediately at the time of grant and were made issuable in the form of common stock.
F2 Represents shares automatically withheld upon the issuance of 2,428 shares of common stock on June 29, 2021, which amount is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority for tax withholding.
F3 As noted in Realty Income Corporation's 8-K filed January 26, 2021 the issuer retired as an executive effective June 30, 2021, at which time all unvested restricted stock units became vested. As such, amount represents shares automatically withheld upon the issuance of 9,159 shares of common stock on June 30, 2021, which amount is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority for tax withholding.