Realty Income (NYSE: O) officer reports tax-withheld share disposition

Rhea-AI Filing Summary

REALTY INCOME CORP officer Michelle Bushore reported two tax-related share dispositions of common stock. On February 15, 2026, a total of 1,063 and 1,049 shares were automatically withheld to cover tax obligations tied to stock issuances of 1,972 and 1,946 shares, respectively. The withholding price of $65.66 per share reflects the closing sale price of the company’s common stock on the New York Stock Exchange on February 13, 2026, and the transactions are classified as tax-withholding dispositions rather than open-market trades.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bushore Michelle

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,063	$65.66	$70K
Tax Withholding	Common Stock	1,049	$65.66	$69K

Holdings After Transaction: Common Stock — 43,077 shares (Direct)

Footnotes (1)

1. Represents shares automatically withheld upon the issuance of 1,972 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. Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 13, 2026. Represents shares automatically withheld upon the issuance of 1,946 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.

Form 4 Insider Transactions: What Each Field Means →

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
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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)
02/15/2026

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	02/15/2026		F		1,063(1)	D	$65.66(2)	43,077	D
Common Stock	02/15/2026		F		1,049(3)	D	$65.66(2)	42,028	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. Represents shares automatically withheld upon the issuance of 1,972 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.

2. Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 13, 2026.

3. Represents shares automatically withheld upon the issuance of 1,946 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.

Remarks:

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

	/s/ Bianca Martinez, by Power of Attorney	02/18/2026
	** 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.
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FAQ

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

Realty Income reported that officer Michelle Bushore had shares automatically withheld to cover tax obligations. Two tax-withholding dispositions of common stock occurred in connection with stock issuances on February 15, 2026, rather than discretionary open-market trades.

How many Realty Income (O) shares were withheld for Michelle Bushore’s taxes?

In total, 1,063 and 1,049 Realty Income common shares were withheld for tax purposes. These amounts relate to stock issuances of 1,972 and 1,946 shares, respectively, and were used to satisfy applicable tax withholding requirements.

What price was used for the tax-withholding share dispositions at Realty Income (O)?

The tax-withholding dispositions used a price of $65.66 per share. This amount reflects the closing sale price of Realty Income’s common stock on the New York Stock Exchange on February 13, 2026, as specified in the filing footnotes.

Were Michelle Bushore’s Realty Income (O) transactions open-market sales?

No, the transactions are described as shares automatically withheld to cover tax liabilities. The Form 4 characterizes them as tax-withholding dispositions associated with stock issuances, not as voluntary open-market purchases or sales of Realty Income shares.

What events triggered the tax-withholding dispositions for Realty Income (O)?

The dispositions were triggered by the issuance of 1,972 and 1,946 shares of Realty Income common stock on February 15, 2026. A portion of each issuance was automatically withheld to satisfy tax withholding obligations at the specified share price.