Director Chapman gains 3,214 Realty Income (O) shares via incentive grant

Rhea-AI Filing Summary

REALTY INCOME CORP director Larry A. Chapman reported an indirect acquisition of 3,214 shares of common stock on May 21, 2026. The shares were granted to The Chapman Family Trust through an incentive plan at no cost and vested immediately at grant.

Following this award, the trust holds 12,103 Realty Income shares indirectly for Chapman. This is a compensation-related grant rather than an open-market purchase, so it mainly reflects equity-based pay and increases the director’s indirect ownership stake.

Insider Trade Summary

Net Buyer: 3,214 shares

Net Buy 1 txn

Insider Chapman A. Larry

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,214	$0.00	$0.00

Holdings After Transaction: Common Stock — 12,103 shares (Indirect, By Trust)

Footnotes (2)

1. F1. Shares granted through an incentive plan; no consideration was paid. Shares vest immediately at the time of grant.
2. F2. By The Chapman Family Trust, dated March 18, 1998.

Key Figures

Shares granted: 3,214 shares Holding after grant: 12,103 shares Grant price per share: $0.00 per share +2 more

5 metrics

Shares granted 3,214 shares Common Stock grant on May 21, 2026

Holding after grant 12,103 shares Indirectly held by The Chapman Family Trust after transaction

Grant price per share $0.00 per share No consideration paid for incentive plan grant

Transaction code A (Grant, award, or other acquisition) Characterizes transaction as compensation-related acquisition

Ownership type Indirect - By Trust Shares held by The Chapman Family Trust

Key Terms

incentive plan, vest immediately, By Trust, indirect, +1 more

5 terms

incentive plan financial

"Shares granted through an incentive plan; no consideration was paid."

vest immediately financial

"Shares vest immediately at the time of grant."

By Trust financial

"nature_of_ownership: By Trust"

indirect financial

"ownership_type: indirect"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 05/26/2026 - 06:13 PM Accepted by SEC EDGAR 05/26/2026 - 06:13 PM Learn about SEC filing dates

FAQ

What insider transaction did REALTY INCOME CORP (O) report for Larry A. Chapman?

REALTY INCOME CORP reported that director Larry A. Chapman indirectly acquired 3,214 common shares. The award was granted to The Chapman Family Trust as equity compensation, increasing the trust’s holdings rather than reflecting an open-market purchase or sale by Chapman.

How were the new REALTY INCOME CORP (O) shares granted to the Chapman Family Trust structured?

The Chapman Family Trust received 3,214 REALTY INCOME CORP shares through an incentive plan with no cash consideration. According to the disclosure, these shares vest immediately at the time of grant, meaning the award is fully earned and not subject to future vesting conditions.

What is Larry A. Chapman’s indirect shareholding in REALTY INCOME CORP (O) after this Form 4?

After the grant, The Chapman Family Trust holds 12,103 REALTY INCOME CORP common shares indirectly for director Larry A. Chapman. This total includes the newly awarded 3,214 shares and represents his reported indirect ownership position following the compensation-related transaction.

Was cash paid for the REALTY INCOME CORP (O) shares reported in this insider transaction?

No cash was paid for these REALTY INCOME CORP shares. The filing states that 3,214 shares were granted to The Chapman Family Trust through an incentive plan with no consideration, indicating the transaction is part of equity compensation rather than a market purchase.

Is the REALTY INCOME CORP (O) Form 4 transaction an open-market buy or a compensation grant?

The REALTY INCOME CORP Form 4 reflects a compensation grant, not an open-market buy. The 3,214 shares were awarded under an incentive plan, coded as a grant or award acquisition, and vest immediately, characterizing this as routine equity-based director compensation.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chapman A. Larry

(Last) (First) (Middle)

11995 EL CAMINO REAL

(Street)

SAN DIEGO CALIFORNIA 92130

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
REALTY INCOME CORP [ O ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		A		3,214	A	$0(1)	12,103	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares granted through an incentive plan; no consideration was paid. Shares vest immediately at the time of grant.

2. By The Chapman Family Trust, dated March 18, 1998.

Remarks:

	/s/ Bianca Martinez, by Power of Attorney	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)