Bushore Michelle 4
4 · REALTY INCOME CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Realty Income (O) CLO Michelle Bushore Receives Awards, Surrenders Shares
What Happened
- Michelle Bushore, Executive Vice President, Chief Legal Officer, General Counsel and Secretary of Realty Income (O), received equity awards and surrendered shares to cover tax withholding. The filing shows two awards on Feb 17, 2026: 24,290 performance shares and 7,576 shares granted under an incentive plan (total 31,866 shares). Separately, 6,551 shares were disposed at $66.49 per share, generating $435,576 to satisfy tax obligations (reported as a withheld/surrendered amount).
Key Details
- Transaction date: February 17, 2026; filing date: February 19, 2026 (timely).
- Awards: 24,290 performance shares (code A) and 7,576 incentive-plan shares (code A); no cash paid for the grants.
- Tax withholding/disposition: 6,551 shares disposed at $66.49 each, totaling $435,576 (code F). The $66.49 price is the NYSE closing price on Feb 17, 2026.
- Footnotes: F1 — 24,290 performance shares reflect an award from Feb 13, 2023; 50% vested immediately, remaining 50% time-vest through Jan 1, 2027. F2 — the filing notes 12,145 shares were automatically withheld upon issuance (withholding amount determined by applicable tax rates). F4 — the 7,576 incentive-plan shares vest ratably over four years.
- Shares owned after the transaction: not specified in the excerpt of the filing.
Context
- This appears to be routine equity compensation and associated tax withholding (surrender of shares) rather than an open-market buy or sell for investment purposes. Awards and share withholding to cover taxes are common executive-compensation mechanics and do not by themselves indicate a personal market view.
Insider Transaction Report
Form 4
Bushore Michelle
See Remarks
Transactions
- Award
Common Stock
[F1]2026-02-17+24,290→ 66,318 total - Tax Payment
Common Stock
[F2][F3]2026-02-17$66.49/sh−6,551$435,576→ 59,767 total - Award
Common Stock
[F4]2026-02-17+7,576→ 67,343 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 12,145 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.
Signature
/s/ Bianca Martinez, by Power of Attorney|2026-02-19