Realty Income (NYSE: O) director receives 3,214-share incentive grant

Rhea-AI Filing Summary

Preusse Mary Hogan reported acquisition or exercise transactions in this Form 4 filing.

REALTY INCOME CORP director Mary Hogan Preusse received a grant of 3,214 shares of common stock through an incentive plan. The grant was made at no cash cost to her and brings her direct holdings to 22,425 shares of Realty Income common stock.

According to the terms, the award vests in three equal installments, with 33.33% of the shares vesting on each of the first three anniversaries of the grant date. This structure ties the director’s compensation to ongoing service and the company’s long-term performance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Preusse Mary Hogan

Role null

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

Holdings After Transaction: Common Stock — 22,425 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 3,214 shares Holdings after grant: 22,425 shares Vesting schedule: 33.33% per year +1 more

4 metrics

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

Holdings after grant 22,425 shares Direct ownership following transaction

Vesting schedule 33.33% per year Each of first three anniversaries of grant date

Grant price $0.0000 per share No consideration paid under incentive plan

Key Terms

incentive plan, Grant, award, or other acquisition, vesting, Common Stock

4 terms

incentive plan financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

vesting financial

"Shares vest in 33.33% increments on each of the first three anniversaries"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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
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^*

Preusse Mary Hogan

(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)	22,425	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 in 33.33% increments on each of the first three anniversaries of the grant date.

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)

FAQ

What did Realty Income (O) director Mary Hogan Preusse report on this Form 4?

She reported receiving a grant of 3,214 shares of Realty Income common stock. The award was made through an incentive plan, involved no cash payment, and increased her direct holdings to 22,425 shares following the transaction.

Was the Realty Income (O) Form 4 transaction a stock purchase or a grant?

The transaction was a stock grant, not an open-market purchase. Mary Hogan Preusse acquired 3,214 shares as a grant or award under an incentive plan, with no consideration paid for the shares according to the filing footnote.

How many Realty Income (O) shares does Mary Hogan Preusse hold after this grant?

After the grant, she directly holds 22,425 shares of Realty Income common stock. This total includes the newly awarded 3,214 shares reported in the Form 4, reflecting her updated direct ownership position as a company director.

How do the granted Realty Income (O) shares vest for Mary Hogan Preusse?

The 3,214 granted shares vest in three equal installments over three years. Specifically, 33.33% of the shares vest on each of the first three anniversaries of the grant date, aligning the award with continued board service over time.

Did Mary Hogan Preusse pay for the Realty Income (O) shares granted in this Form 4?

No, she did not pay cash for these shares. The filing notes the 3,214 shares were granted through an incentive plan and that no consideration was paid, indicating this is compensation-related rather than a market purchase.