Preusse Mary Hogan 4

What Happened
Mary Hogan Preusse, a director of Realty Income Corporation (ticker: O), was granted 3,214 shares on 2026-05-21 as an award/acquisition under the company's incentive plan. The filing reports a $0.00 per-share acquisition price (no consideration paid), so the reported cash value for the grant is $0.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed 2026-05-26).
• Transaction type/code: Award/grant (Code A). Price reported: $0.00 per share.
• Shares granted: 3,214. Reported total cash paid: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Shares were granted through an incentive plan with no consideration paid; they vest in three equal installments (33.33% on each of the first three anniversaries of the grant date).
• Timeliness: The Form 4 was filed five days after the transaction date, which is beyond the typical SEC 2-business-day filing window for Form 4s.

Context
This was a restricted award/stock grant under an incentive plan, not an open-market purchase or sale. Such grants typically vest over time (here, three annual installments) and do not necessarily reflect an immediate change in the director’s liquidity or market sentiment. As with most grants, the economic benefit to the insider depends on vesting and any future sale of the shares.