Form 4: Realty Income Director A. Larry Chapman Sells 5,000 Shares
SEC Form 4 Filing
Director A. Larry Chapman of Realty Income Corp. sold 5,000 shares of common stock at $60.77 per share on August 23, 2024.
Summary
- On August 23, 2024, A. Larry Chapman, a director of Realty Income Corp., sold 5,000 shares of common stock.
- The sale was executed at a price of $60.77 per share.
- Following the transaction, Chapman directly owns 0 shares and indirectly owns 5,257 shares through The Chapman Family Trust, dated March 18, 1998.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but rather reports a factual event.
Industry Context
Form 4 filings are a routine part of insider trading activity and are publicly disclosed to ensure transparency and prevent illegal insider trading. The sale by a director could be for various personal financial reasons and doesn't necessarily reflect a negative outlook on the company.
Stakeholder Impact
- The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| March 18, 1998 | Date of The Chapman Family Trust |
| 08/23/2024 | Date of stock sale transaction |
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