Form 4: Realty Income CEO Sumit Roy Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Sumit Roy, President, CEO & Director of Realty Income Corp, disposed of 28,281 shares to cover tax obligations arising from the issuance of common stock.
Summary
- On March 14, 2025, Sumit Roy, the President, CEO & Director of Realty Income Corp, disposed of 28,281 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the issuance of 52,401 shares of common stock.
- The shares were disposed of at a price of $55.23 per share.
- Following the transaction, Roy directly owns 392,580 shares of Realty Income Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for share disposals by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Sumit Roy disposed of shares to cover tax obligations. |
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