Hagan Mark E 4

What Happened

• Mark E. Hagan, Executive Vice President & Chief Investment Officer of Realty Income (O), had a total of 2,771 shares of Realty Income common stock withheld to satisfy tax withholding obligations related to share issuances on February 15, 2026.
• The withholding transactions were for 1,322 shares ($65.66/share, $86,803) and 1,449 shares ($65.66/share, $95,141), totaling $181,944 at the reported per-share price.

Key Details

• Transaction date: 2026-02-15; Filing date: 2026-02-18 (filed within the SEC timing window).
• Price used: $65.66 per share (closing sale price on NYSE on Feb 13, 2026).
• Shares withheld (dispositions): 1,322 and 1,449 (total 2,771). Total value ≈ $181,944.
• Underlying issuance: Footnotes indicate these withholdings were taken upon the issuance of 2,452 shares and 2,687 shares on Feb 15, 2026 (combined issuance 5,139 shares).
• Transaction code: F (shares withheld to satisfy tax withholding).
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context

• These were not open-market sales but automatic share withholdings by the company to cover tax obligations tied to newly issued shares (commonly associated with vested awards or net settlement after option exercise). Such withholdings are routine and do not necessarily signal insider buying or selling intent.