Kehle Shannon 4
4 · REALTY INCOME CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Realty Income (O) EVP Kehle Shannon Withholds Shares for Taxes
What Happened
Kehle Shannon, EVP & Chief People Officer of Realty Income (ticker: O), had shares automatically withheld to satisfy tax withholding obligations tied to shares issued on February 15, 2026. The filing reports two withholding transactions: 650 shares withheld at $65.66 each ($42,679) and 365 shares withheld at $65.66 each ($23,966), a combined 1,015 shares with an aggregate value of about $66,645. These are tax-withholding disposals (routine), not open-market sales or purchases.
Key Details
- Transaction date: February 15, 2026. Form 4 filed February 18, 2026 (no indication in the excerpt that the filing was late).
- Price used: $65.66 per share (per footnote; closing NYSE price on Feb 13, 2026).
- Withheld: 650 shares ($42,679) and 365 shares ($23,966); total 1,015 shares withheld, total value ≈ $66,645.
- Footnotes: F1/F4 state shares were automatically withheld upon issuance of 1,187 and 667 shares (withholding amount set by applicable tax rates). F3 notes 126 shares were acquired via the issuer’s dividend reinvestment plan.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
This reporting reflects net-share settlement/tax withholding (transaction code F), a common administrative step when restricted stock or other awards vest or are issued. It is not an open-market sale that would signal a personal liquidity decision, nor an outright purchase that would indicate a bullish vote; it simply covers tax liabilities associated with issued shares.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-02-15$65.66/sh−650$42,679→ 22,231 total - Tax Payment
Common Stock
[F4][F2][F3]2026-02-15$65.66/sh−365$23,966→ 21,866 total
Footnotes (4)
- [F1]Represents shares automatically withheld upon the issuance of 1,187 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]Includes 126 shares of common stock acquired through the Issuer's dividend reinvestment plan.
- [F4]Represents shares automatically withheld upon the issuance of 667 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.