Form 4: Realty Income Executive Michelle Bushore Reports Stock Transactions Following Vesting of Performance and Restricted Shares
SEC Form 4 Filing
Michelle Bushore, an executive at Realty Income Corp, reports the withholding of shares to cover tax obligations following the vesting of performance and restricted stock units.
Summary
- On December 31, 2024, Michelle Bushore, Executive Vice President, Chief Legal Officer, General Counsel and Secretary of Realty Income Corp, had 1,299 shares withheld to cover taxes upon the vesting of 2,372 performance shares.
- On January 1, 2025, 5,204 shares were withheld to cover taxes upon the vesting of 9,391 performance shares.
- Also on January 1, 2025, 1,617 shares were withheld to cover taxes upon the vesting of 2,677 restricted shares of common stock.
- All withholdings were executed at a price of $53.41 per share, reflecting the closing sale price of Realty Income's common stock on December 31, 2024.
- Following these transactions, Bushore directly owns 28,366 shares of Realty Income Corp.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of equity awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 11/15/2021 | Date of performance share grant previously reported. |
| 02/17/2021 | Date of performance share grant previously reported. |
| 12/31/2024 | Vesting of 2,372 performance shares; 1,299 shares withheld for taxes at $53.41 per share. |
| 01/01/2025 | Vesting of 9,391 performance shares; 5,204 shares withheld for taxes at $53.41 per share; Vesting of 2,677 restricted shares; 1,617 shares withheld for taxes at $53.41 per share. |
| 01/03/2025 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.