Kehle Shannon 4

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.