Roy Sumit 4

What Happened Roy Sumit, President, CEO and Director of Realty Income (ticker: O), had shares withheld/disposed on February 15, 2026 to satisfy tax obligations related to equity issuances. The filing reports two withholding disposals: 4,547 shares at $65.66 each for $298,556, and 4,657 shares at $65.66 each for $305,779 — a combined 9,204 shares and roughly $604,335 in value. These transactions are reported as "payment of exercise price or tax liability" (code F), i.e., automatic withholding rather than an open-market sale for investment purposes.

Key Details

• Transaction dates: February 15, 2026; Form 4 filed February 18, 2026 (appears to be timely reporting).
• Prices and amounts: 4,547 shares @ $65.66 = $298,556; 4,657 shares @ $65.66 = $305,779; total ≈ $604,335.
• Shares owned after transaction: Not specified in the excerpt provided.
• Relevant footnotes:
  • F1: Indicates shares automatically withheld upon issuance of 8,428 shares on Feb 15, 2026, based on applicable tax withholding rules.
  • F3: Indicates shares automatically withheld upon issuance of 8,631 shares on Feb 15, 2026.
  • F2: Price ($65.66) reflects the NYSE closing sale price on Feb 13, 2026.
• Transaction type: Tax-withholding/cashless disposition (routine administrative action, not a discretionary sale coded as S).

Context These disposals reflect automatic withholding to cover taxes associated with equity awards or option exercises. This is a common, administrative action by companies and does not necessarily indicate a change in the insider’s investment view. For retail investors, purchases or open-market buys are generally more informative; tax withholding disposals are routine and often accompany newly issued shares to insiders.