Redington Neale 4

What Happened

• Neale Redington, Senior Vice President and Chief Accounting Officer of Realty Income (O), had 337 shares withheld to satisfy tax withholding obligations related to the vesting of restricted stock on Feb 15, 2026. The withheld shares were recorded at $65.66 each, totaling approximately $22,127. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: February 15, 2026; reported on Form 4 filed February 18, 2026 (appears timely given Feb 16 was a holiday).
• Price used: $65.66 per share (footnote indicates this reflects the NYSE closing price on Feb 13, 2026).
• Shares involved: 2,942 shares vested; 337 shares withheld to satisfy employment taxes (per filing footnote). The filing does not state the insider's total shares owned after the transaction.
• Footnotes: F1 — shares were issued and automatically withheld to satisfy employment taxes upon vesting under the Issuer's Deferred Compensation Plan. F2 — price reflects the NYSE close on Feb 13, 2026.
• Transaction code meaning: F = tax withholding related to vested awards (routine administrative disposition).

Context

• This is a routine tax-withholding event tied to vesting of deferred compensation and is generally viewed as administrative rather than a signal of insider sentiment. Tax-withholding dispositions differ from open-market sales (S) because shares are retained by the company to cover taxes rather than being sold on the market.