Form 4: Realty Income Corp Executive Jonathan Pong Reports Share Transaction

Executive Vice President, CFO & Treasurer of Realty Income Corp, Jonathan Pong, reports a transaction involving the withholding of shares for tax purposes.

Summary

• Jonathan Pong, EVP, CFO & Treasurer of Realty Income Corp, reported a transaction on November 15, 2024.
• The transaction involved the withholding of 298 common stock shares to cover tax obligations related to the vesting of 553 restricted shares.
• The shares were withheld at a price of $56.54 per share, which was the closing price on the New York Stock Exchange on that day.
• Following the transaction, Mr. Pong directly owns 42,650 shares of Realty Income Corp.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, such as Realty Income Corp, and are required by the SEC to ensure transparency in insider trading.
• Similar filings are made by executives at other REITs such as Simon Property Group and American Tower Corp when they have transactions involving company stock.
• The tax withholding process is a common practice for restricted stock vesting across various industries.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding related to executive compensation.

Key Dates

Keywords

Realty Income Corp, Jonathan Pong, insider trading, Form 4, share transaction, tax withholding, executive compensation, common stock