Director Kimberly Hourihan receives 3,214-share equity grant at Realty Income (NYSE: O)

Rhea-AI Filing Summary

Hourihan Kimberly reported acquisition or exercise transactions in this Form 4 filing.

REALTY INCOME CORP director Kimberly Hourihan received a grant of 3,214 shares of common stock as equity compensation on May 21, 2026. The award was made at no cash cost to her under an incentive plan. After this grant, she directly holds 6,613 shares. The granted shares vest in 33.33% increments on each of the first three anniversaries of the grant date, meaning the award becomes fully owned over three years if service conditions are met.

Insider Trade Summary

Net Buyer: 3,214 shares

Net Buy 1 txn

Insider Hourihan Kimberly

Role Director

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

Holdings After Transaction: Common Stock — 6,613 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares granted: 3,214 shares Shares after transaction: 6,613 shares Transaction price per share: $0.0000 +1 more

4 metrics

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

Shares after transaction 6,613 shares Director’s direct holdings following grant

Transaction price per share $0.0000 No consideration paid for incentive plan grant

Vesting schedule 33.33% per year over 3 years Vests on each of first three anniversaries of grant

Key Terms

incentive plan, vest, grant, award, or other acquisition

3 terms

incentive plan financial

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

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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 - 06:18 PM Accepted by SEC EDGAR 05/26/2026 - 06:18 PM Learn about SEC filing dates

FAQ

What insider transaction did REALTY INCOME CORP (O) report for Kimberly Hourihan?

REALTY INCOME CORP reported that director Kimberly Hourihan received a grant of 3,214 shares of common stock as equity compensation. The grant was made under an incentive plan and increased her direct holdings to 6,613 shares following the transaction.

How many REALTY INCOME CORP (O) shares does Kimberly Hourihan hold after this Form 4?

After the reported transaction, Kimberly Hourihan directly holds 6,613 shares of REALTY INCOME CORP common stock. This reflects the addition of 3,214 granted shares received through the company’s incentive plan on May 21, 2026.

Was cash paid for Kimberly Hourihan’s 3,214-share grant in REALTY INCOME CORP (O)?

No cash was paid for the 3,214-share grant to Kimberly Hourihan. The footnote states the shares were granted through an incentive plan and that no consideration was paid, making this a compensation-related equity award rather than a market purchase.

What is the vesting schedule for Kimberly Hourihan’s new REALTY INCOME CORP (O) shares?

The 3,214 granted shares vest in 33.33% increments on each of the first three anniversaries of the grant date. This creates a three-year vesting period, during which portions of the award become fully owned each year if conditions are satisfied.

Is Kimberly Hourihan’s REALTY INCOME CORP (O) transaction a buy or a grant?

The transaction is a grant, not an open-market buy. It is coded as an “A” transaction, described as a grant, award, or other acquisition, with a zero transaction price, reflecting compensation received under the company’s incentive plan.

What role does Kimberly Hourihan hold at REALTY INCOME CORP (O) in this filing?

In this filing, Kimberly Hourihan is identified as a director of REALTY INCOME CORP. The reported equity grant represents part of her compensation as a board member, with shares vesting over three years to encourage ongoing service.

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^*

Hourihan Kimberly

(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)	6,613	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)