Bushore Michelle 4
4 · REALTY INCOME CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Realty Income (O) EVP Michelle Bushore Withholds Shares for Taxes
What Happened
Michelle Bushore, Executive Vice President, Chief Legal Officer, General Counsel and Secretary of Realty Income (ticker: O), had shares automatically withheld to cover tax withholding related to equity issuances on February 15, 2026. Two withholding transactions were reported: 1,063 shares withheld at $65.66 each for $69,797, and 1,049 shares withheld at $65.66 each for $68,877 — a combined 2,112 shares and roughly $138,674. These were tax-withholding (surrendered) shares, not open-market sales or voluntary dispositions.
Key Details
- Transaction date: February 15, 2026. Report filed: February 18, 2026.
- Prices: $65.66 per share (per filing). Amounts: 1,063 shares ($69,797) and 1,049 shares ($68,877). Total ≈ $138,674.
- Shares owned after the transactions: not disclosed in the provided excerpt.
- Footnotes: F1/F3 indicate these withholdings occurred upon issuance of 1,972 and 1,946 shares, respectively; withholding amounts were determined using required/maximum tax withholding rates. F2 notes the $65.66 price relates to the NYSE closing price (Feb 13, 2026).
- Filing timeliness: filed Feb 18, 2026 (the filing date is shown in the record excerpt).
Context
This is a routine tax-withholding event (shares withheld to satisfy tax obligations on issued equity), often done automatically and not typically a market sentiment signal like an open-market sale or purchase. The transactions reflect a cashless-type settlement to cover taxes rather than a discretionary sale or purchase decision by the insider.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-15$65.66/sh−1,063$69,797→ 43,077 total - Tax Payment
Common Stock
[F3][F2]2026-02-15$65.66/sh−1,049$68,877→ 42,028 total
Footnotes (3)
- [F1]Represents shares automatically withheld upon the issuance of 1,972 shares of common stock on February 15, 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.
- [F2]Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 13, 2026.
- [F3]Represents shares automatically withheld upon the issuance of 1,946 shares of common stock on February 15, 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.