Jacobson Jeff A 4

What Happened
Jeff A. Jacobson, a director of Realty Income Corporation (ticker: O), was granted 3,214 shares on 2026-05-21. The reported acquisition price is $0.00 (no consideration paid), so the immediate reported value is $0. These shares were granted under the company's incentive plan and are subject to vesting.

Key Details

• Transaction date: 2026-05-21; filing date: 2026-05-26 (filed five days after the transaction; Form 4s are typically due within two business days, so this filing appears late).
• Transaction type/code: A — Award/Grant. Price per share reported: $0.00. Total reported cash consideration: $0.
• Shares granted: 3,214.
• Shares owned following the transaction: not specified in the filing.
• Footnote: Granted under an incentive plan with no consideration paid; shares vest in 33.33% increments on each of the first three anniversaries of the grant date.

Context
This was a compensation grant (award) rather than a market purchase or sale. Such awards are common for directors and reflect company compensation practices rather than an immediate market-buying signal. The multi-year vesting schedule means the shares will become owned over time if vesting conditions are met.