Did the 3,214-share grant to Gregory McLaughlin at REALTY INCOME CORP (O) have any vesting delay?

The 3,214-share grant vested immediately at the time of grant, according to the footnotes. Immediate vesting means the trust had full access to the shares as soon as they were awarded.

Realty Income director awarded 3,214 shares

McLaughlin Gregory reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

McLaughlin Gregory reported acquisition or exercise transactions in this Form 4 filing.

REALTY INCOME CORP director Gregory McLaughlin reported an award of 3,214 shares of Common Stock on May 21, 2026. The shares were granted through an incentive plan at no cost and vested immediately at the time of grant. They are held indirectly by The McLaughlin Family Trust, bringing the trust’s post-transaction holdings to 38,207 shares. This looks like routine equity compensation rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 3,214 shares

Grant/Award 1 txn

Insider McLaughlin Gregory

Role Director

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

Holdings After Transaction: Common Stock — 38,207 shares (Indirect, By Trust)

Footnotes (2)

F1. Shares granted through an incentive plan; no consideration was paid. Shares vest immediately at the time of grant.
F2. By The McLaughlin Family Trust, dated May 28, 2009.

Key Figures

Shares granted: 3,214 shares Grant price: $0.00 per share Shares held after: 38,207 shares +1 more

4 metrics

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

Grant price $0.00 per share Incentive plan grant; no consideration paid

Shares held after 38,207 shares Indirectly held by The McLaughlin Family Trust

Transaction date May 21, 2026 Date of Common Stock grant

Key Terms

incentive plan, vest immediately, indirect ownership, Trust

4 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."

indirect ownership financial

"ownership_type" : "indirect", "ownership_code" : "I""

Trust financial

"By The McLaughlin Family Trust, dated May 28, 2009."

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did REALTY INCOME CORP (O) report for Gregory McLaughlin?

REALTY INCOME CORP reported that director Gregory McLaughlin received 3,214 shares of Common Stock on May 21, 2026. The award was granted through an incentive plan, vested immediately, and was not an open-market purchase.

Was cash paid for the 3,214 shares awarded to Gregory McLaughlin at REALTY INCOME CORP (O)?

No cash was paid for the 3,214 shares; they were granted through an incentive plan at no consideration. This means the shares represent stock-based compensation rather than a purchase funded with personal cash.

How many REALTY INCOME CORP (O) shares does the McLaughlin trust hold after this Form 4 award?

Following the 3,214-share award, The McLaughlin Family Trust holds 38,207 shares of REALTY INCOME CORP Common Stock. This updated total reflects indirect ownership as reported in the Form 4 filing.

How are the new shares for Gregory McLaughlin at REALTY INCOME CORP (O) held?

The 3,214 newly granted shares are held indirectly through The McLaughlin Family Trust, dated May 28, 2009. The Form 4 identifies the ownership type as “By Trust,” indicating indirect beneficial ownership.

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

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Accepted by SEC EDGAR 05/26/2026 - 06:32 PM EDT

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^*

McLaughlin Gregory

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A		3,214	A	$0⁽¹⁾	38,207	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 McLaughlin Family Trust, dated May 28, 2009.

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)

Source: View Original Filing on SEC EDGAR