Realty Income EVP reports tax-share withholding

REALTY INCOME CORP executive Shannon Kehle reported two tax-related share dispositions under the company’s equity compensation program.

Rhea-AI Filing Summary

REALTY INCOME CORP executive Shannon Kehle reported two tax-related share dispositions under the company’s equity compensation program. On February 15, 2026, a total of 1,015 shares of common stock (650 and 365 shares) were automatically withheld as a tax-withholding disposition at $65.66 per share, matching the New York Stock Exchange closing price on February 13, 2026. The footnotes explain these withheld shares relate to the issuance of 1,187 shares and 667 shares of common stock on the same date, and that current holdings include 126 shares acquired through the dividend reinvestment plan. After these withholding transactions, Kehle’s directly owned common stock balance remained in the low twenty-thousand share range, reflecting routine tax settlement rather than an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 1,015 shares

Exercise Price or Tax Liability 2 txns

Insider Kehle Shannon

Role EVP, Chief People Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	650	$65.66	$43K
Exercise Price or Tax Liability	Common Stock	365	$65.66	$24K

Holdings After Transaction: Common Stock — 21,866 shares (Direct)

Footnotes (4)

1. F1. Represents shares automatically withheld upon the issuance of 1,187 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. F2. Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 13, 2026.
3. F3. Includes 126 shares of common stock acquired through the Issuer's dividend reinvestment plan.
4. F4. Represents shares automatically withheld upon the issuance of 667 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.

FAQ

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

What insider transaction did Realty Income (O) report for Shannon Kehle?

Realty Income reported that EVP and Chief People Officer Shannon Kehle had shares automatically withheld to cover taxes. Two tax-withholding dispositions on February 15, 2026 totaled 1,015 common shares, tied to recently issued stock under the company’s compensation arrangements.

Were Shannon Kehle’s Realty Income (O) transactions open-market sales?

No, the transactions were not open-market sales. The filing describes both as tax-withholding dispositions, where shares were automatically withheld upon stock issuance to satisfy tax obligations, using the February 13, 2026 New York Stock Exchange closing price of $65.66 per share.

How many Realty Income (O) shares were withheld for Shannon Kehle’s taxes?

A total of 1,015 common shares were withheld for taxes. The Form 4 shows 650 shares and 365 shares disposed of as tax-withholding transactions, linked to separate stock issuances of 1,187 and 667 shares on February 15, 2026.

What stock price did Realty Income (O) use for Shannon Kehle’s tax withholding?

The tax-withholding dispositions used a price of $65.66 per share. A footnote explains this reflects the closing sale price of Realty Income’s common stock on the New York Stock Exchange on February 13, 2026, which was applied to the withheld shares.

How many Realty Income (O) shares does Shannon Kehle hold after the transactions?

After the tax-withholding dispositions, Shannon Kehle’s directly owned common stock remained in the low twenty-thousand share range. The filing notes that current holdings also include 126 shares acquired through Realty Income’s dividend reinvestment plan.

Did Realty Income (O) issue new shares to Shannon Kehle on February 15, 2026?

Yes, Realty Income issued new common shares to Shannon Kehle on that date. Footnotes state that 1,187 shares and 667 shares of common stock were issued, with a portion of each grant automatically withheld to satisfy applicable tax withholding requirements.

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

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Accepted by SEC EDGAR 02/18/2026 - 05:50 PM Learn about SEC filing dates

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^*

Kehle Shannon

(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)
	EVP, Chief People Officer

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		650(1)	D	$65.66(2)	22,231(3)	D
Common Stock	02/15/2026		F		365(4)	D	$65.66(2)	21,866(3)	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 1,187 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. Includes 126 shares of common stock acquired through the Issuer's dividend reinvestment plan.

4. Represents shares automatically withheld upon the issuance of 667 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:

	/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).
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