Form 4: Realty Income EVP Shannon Kehle Reports Stock Disposal for Tax Obligations
SEC Filing
Shannon Kehle, EVP and Chief People Officer at Realty Income Corp, reports disposing of 2,174 shares of common stock on January 1, 2025, to cover tax obligations related to vesting restricted shares.
Summary
- On January 1, 2025, Shannon Kehle, the EVP and Chief People Officer of Realty Income Corp, disposed of 2,174 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of 3,647 restricted shares.
- The shares were disposed of at a price of $53.41 per share, based on the closing price of Realty Income's common stock on December 31, 2024.
- Following the transaction, Kehle directly owns 21,929 shares of Realty Income Corp.
- This includes 52 shares acquired through the company's dividend reinvestment plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction appears to be routine, related to tax obligations from vested equity.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction: Disposal of shares to cover tax obligations and vesting of restricted shares. |
| 12/31/2024 | Date used to determine the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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