Form 4: Realty Income Corp Executive Jonathan Pong Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP, CFO & Treasurer of Realty Income Corp, Jonathan Pong, reports changes in beneficial ownership due to shares withheld for tax obligations upon vesting of restricted stock.
Summary
- On January 1, 2025, Jonathan Pong, EVP, CFO & Treasurer of Realty Income Corp, had 3,448 shares of common stock withheld to cover tax obligations.
- This was due to the vesting of 5,954 restricted shares of common stock.
- The shares were withheld at a price of $53.41 per share, based on the closing sale price of Realty Income Corp's common stock on December 31, 2024.
- Following the transaction, Pong directly owns 39,202 shares of Realty Income Corp.
- The transaction was executed pursuant to Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction: Shares withheld for tax obligations upon vesting of restricted stock. |
| 01/03/2025 | Date of signature for the report. |
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