Form 4: Realty Income EVP Hagan Sells Shares for Tax Obligations

Mark E. Hagan, EVP and Chief Investment Officer of Realty Income Corp, disposed of 8,019 shares to cover tax obligations upon the issuance of common stock.

Summary

• On March 14, 2025, Mark E. Hagan, the EVP and Chief Investment Officer of Realty Income Corp, disposed of 8,019 shares of common stock.
• The transaction was executed to cover tax withholding obligations related to the issuance of 14,875 shares of common stock.
• The shares were disposed of at a price of $55.23 per share.
• Following the transaction, Hagan directly owns 89,430 shares of Realty Income Corp.
• The transaction was reported on Form 4, filed with the SEC.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They can be driven by various factors, including tax obligations, diversification, or personal financial planning. These transactions are closely monitored by investors as they can provide insights into management's perspective on the company's prospects.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a relatively small sale by an executive to cover tax obligations.

Key Dates