Form 4: Realty Income Executive Neil Abraham Reports Stock Transactions Following Vesting of Performance and Restricted Shares
SEC Form 4 Filing
Executive Vice President Neil Abraham of Realty Income Corp. reports the automatic withholding of shares to cover taxes following the vesting of performance and restricted stock.
Summary
- Neil Abraham, an Executive Vice President at Realty Income Corp., reported several transactions involving the company's common stock.
- These transactions occurred due to the vesting of performance shares and restricted shares, with shares being automatically withheld to cover tax obligations.
- On December 31, 2024, 1,294 shares were withheld at a price of $53.41 per share following the vesting of 2,372 performance shares.
- On January 1, 2025, 5,788 shares were withheld at $53.41 per share following the vesting of 10,509 performance shares.
- Also on January 1, 2025, 2,585 shares were withheld at $53.41 per share following the vesting of 4,384 restricted shares.
- After these transactions, Mr. Abraham beneficially owns 51,701 shares of Realty Income Corp. common stock.
Sentiment
Score: 7
Explanation: The document is a routine filing related to executive compensation and does not indicate any 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. It reflects the standard practice of withholding shares to cover taxes upon vesting of equity awards.
Comparison to Industry Standards
- The practice of withholding shares for tax obligations upon vesting is standard across publicly traded companies.
- Many companies use a similar approach to manage the tax implications of equity-based compensation for their executives.
- The specific number of shares withheld and the vesting schedules are unique to Realty Income Corp.'s compensation plans, but the overall process is consistent with industry norms.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares, but are not expected to significantly affect shareholders.
- The transactions are part of the company's compensation plan for executives.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the first reported transaction where shares were withheld for tax purposes following the vesting of performance shares. |
| 01/01/2025 | Date of the second and third reported transactions where shares were withheld for tax purposes following the vesting of performance and restricted shares. |
| 01/03/2025 | Date the Form 4 was signed. |
Keywords
Form 4, Realty Income Corp, Neil Abraham, stock transactions, performance shares, restricted shares, vesting, tax withholding
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