Form 4: Realty Income Corp CEO Sumit Roy Reports Stock Transaction
SEC Filing
Sumit Roy, President, CEO & Director of Realty Income Corp, reports disposition of shares to cover tax obligations.
Summary
- On February 15, 2025, Sumit Roy, the President, CEO & Director of Realty Income Corp, had 4,646 shares of common stock disposed of to cover tax obligations.
- The shares were withheld upon the issuance of 8,428 shares of common stock.
- The transaction was executed at a price of $54.49 per share.
- Following the transaction, Roy directly owns 281,535 shares of Realty Income Corp.
- The reporting was filed on February 19, 2025.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that the CEO disposed of shares to cover tax obligations arising from the issuance of stock, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Closing sale price of the Issuer's common stock as reported on the New York Stock Exchange. |
| 02/15/2025 | Date of transaction: 4,646 shares of common stock disposed of for tax withholding. |
| 02/19/2025 | Date of Form 4 filing. |
Keywords
Form 4, Sumit Roy, Realty Income Corp, Stock Transaction, Beneficial Ownership, Insider Trading
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