Michelle Bushore - 31 Dec 2023 Form 4 Insider Report for REALTY INCOME CORP (O)

Role
Executive Vice President, Chief Legal Officer, General Counsel and Secretary
Signature
/s/ Bianca Martinez, by Power of Attorney
Issuer symbol
O
Transactions as of
31 Dec 2023
Net transactions value
-$165,427
Form type
4
Filing time
03 Jan 2024, 18:10:55 UTC
Previous filing
15 Feb 2023
Next filing
12 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction O Common Stock Tax liability $73,096 -1,273 -8.7% $57.42 13,367 31 Dec 2023 Direct F1, F2
transaction O Common Stock Tax liability $92,331 -1,608 -12% $57.42 11,759 01 Jan 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents shares automatically withheld upon the vesting of 2,372 performance shares on December 31, 2023 and 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. These performance shares were previously reported as a result of the Company having met certain performance criteria pursuant to the reporting person's grant on November 15, 2021.
F2 Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on December 29, 2023.
F3 This amount represents shares automatically withheld upon the vesting of 2,677 restricted shares of common stock on January 1, 2024 and 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.

Remarks:

Executive Vice President, Chief Legal Officer, General Counsel and Secretary