Almodovar Priscilla 4

What Happened
Priscilla Almodovar, a director of Realty Income Corp (ticker: O), was granted 3,214 shares on 2026-05-21 as an award under the company's incentive plan. The shares were issued at $0.00 (no cash consideration), so the immediate transaction value is $0. This is an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed one business day after the two-business-day SEC deadline).
• Transaction type/code: Award/Grant (A). Price reported: $0.00; total reported consideration: $0.
• Number of shares granted: 3,214.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: Shares were granted under 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.

Context
Grants to directors are common as part of compensation and are not the same signal as direct purchases or sales. Because these shares vest over time, Almodovar does not receive all shares immediately; vesting conditions will determine when the shares become transferable. The filing was submitted after the standard two-business-day window, which is a timeliness issue noted in the Form 4.