Equity grant gives Realty Income (NYSE: O) officer 7,698 shares

Rhea-AI Filing Summary

Realty Income Corp reported that officer Michelle Bushore acquired 7,698 shares of common stock on February 26, 2026 as a grant under an incentive plan, with no cash paid for the shares.

The granted shares will vest 100% on September 2, 2026. After this award, Bushore's direct ownership stands at 75,041 shares of Realty Income common stock.

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

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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^*

Bushore Michelle

(Last) (First) (Middle)

11995 EL CAMINO REAL

(Street)

SAN DIEGO CA 92130

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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

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

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

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	02/26/2026		A		7,698(1)	A	$0	75,041	D

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 100% on September 2, 2026.

Remarks:

Executive Vice President, Chief Legal Officer, General Counsel and Secretary

	/s/ Bianca Martinez, by Power of Attorney	03/05/2026
	** 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.

FAQ

What insider transaction did Realty Income (O) report for Michelle Bushore?

Realty Income reported that officer Michelle Bushore received a grant of 7,698 shares of common stock on February 26, 2026. The shares were issued under an incentive plan at no cost and increased her direct holdings to 75,041 shares.

How many Realty Income (O) shares did Michelle Bushore acquire and at what price?

Michelle Bushore acquired 7,698 shares of Realty Income common stock through an incentive plan grant at a price of zero per share. This was a stock award, not an open-market purchase, and it raised her direct ownership to 75,041 shares.

When do Michelle Bushore’s new Realty Income (O) shares vest?

The 7,698 Realty Income common shares granted to Michelle Bushore vest 100% on September 2, 2026. Until that vesting date, the shares remain subject to the plan’s vesting conditions but are reflected in her reported direct holdings.

How many Realty Income (O) shares does Michelle Bushore own after this grant?

Following the February 26, 2026 grant, Michelle Bushore directly owns 75,041 shares of Realty Income common stock. This total includes the 7,698 shares awarded under the company’s incentive plan that are scheduled to vest on September 2, 2026.

Was cash paid for Michelle Bushore’s Realty Income (O) stock grant?

No cash was paid for Michelle Bushore’s 7,698-share Realty Income grant. The filing notes that the common stock was granted through an incentive plan with no consideration, meaning it was an equity award rather than a purchase for cash in the open market.