Whyte Gregory J. 4
4 · REALTY INCOME CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Realty Income COO Gregory Whyte Receives Performance Awards; Shares Withheld
What Happened
Gregory J. Whyte, Chief Operating Officer of Realty Income (O), was issued awards totaling 29,630 shares on February 17, 2026 (22,652 performance shares and 6,978 incentive-plan shares). To satisfy tax withholding obligations, 6,114 shares were surrendered/disposed at a reported closing price of $66.49, equal to approximately $406,520. The awards were issued with no cash consideration paid.
Key Details
- Transaction date: February 17, 2026 (Form 4 filed February 19, 2026). Filing appears timely.
- Awards issued: 22,652 shares (performance-based) and 6,978 shares (incentive-plan grant).
- Shares withheld/disposed for taxes: 6,114 shares at $66.49 = ~$406,520 (closing price per filing).
- Footnotes of note:
- F1: 22,652 performance shares relate to a Feb 13, 2023 grant; 50% vested immediately, remaining 50% time-vest through Jan 1, 2027.
- F2: The withheld shares represent automatic tax withholding upon issuance (per filing).
- F3: $66.49 is the NYSE closing sale price on Feb 17, 2026 used to value the withholding.
- F4: The 6,978 shares were granted through an incentive plan and vest ratably over four years; no consideration paid.
- Shares owned after the transactions: not specified in the provided filing data.
Context
This was primarily an issuance of compensation (performance and incentive awards), not an open-market sale. The 6,114-share disposition was an automatic, routine tax-withholding action (cashless/tax-satisfying), which should not be read as a signal of a discretionary sell decision by the insider. The remaining performance shares are subject to continued vesting according to the schedules noted above.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+22,652→ 34,059 total - Tax Payment
Common Stock
[F2][F3]2026-02-17$66.49/sh−6,114$406,520→ 27,945 total - Award
Common Stock
[F4]2026-02-17+6,978→ 34,923 total
Footnotes (4)
- [F1]Represents performance shares awarded as a result of the Company having met certain performance criteria, pursuant to the reporting person's grant on February 13, 2023. Fifty percent of the performance shares immediately vested. The remaining fifty percent are subject to time vesting through January 1, 2027.
- [F2]Represents shares automatically withheld upon the issuance of 11,326 shares of common stock on February 17, 2026, 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]Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 17, 2026.
- [F4]Shares granted through an incentive plan; no consideration was paid. Shares vest ratably over four years.