=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2025-12-31
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: REALTY INCOME CORP (O)
CIK: 0000726728
--- Reporting Owner ---
Name: Roy Sumit
CIK: 0001529329
Role: Director, Officer (President, CEO & Director)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2025-12-31 | Code: F (Payment of exercise/tax)
Shares: -28,270 | Price: $56.37
Total Value: $1,593,579.90
Shares Owned After: 364,310 | Ownership: D (Direct)
Footnotes:
[F1] This amount represents shares automatically withheld upon the vesting of 52,401 performance shares on December 31, 2025 and is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority. These performance shares were previously reported as a result of the Company having met certain performance criteria pursuant to the reporting person's grant on February 14, 2022.
[F2] Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on December 31, 2025.
[Transaction #2]
Security: Common Stock
Date: 2026-01-01 | Code: F (Payment of exercise/tax)
Shares: -3,020 | Price: $56.37
Total Value: $170,237.40
Shares Owned After: 361,290 | Ownership: D (Direct)
Footnotes:
[F3] This amount represents shares automatically withheld upon the vesting of 5,185 restricted shares of common stock on January 1, 2026 and is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority.
[F2] Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on December 31, 2025.
[Transaction #3]
Security: Common Stock
Date: 2026-01-01 | Code: F (Payment of exercise/tax)
Shares: -3,576 | Price: $56.37
Total Value: $201,579.12
Shares Owned After: 357,714 | Ownership: D (Direct)
Footnotes:
[F4] This amount represents shares automatically withheld upon the vesting of 6,610 restricted shares of common stock on January 1, 2026 and is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority.
[F2] Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on December 31, 2025.
--- Footnotes (Complete Index) ---
F1: This amount represents shares automatically withheld upon the vesting of 52,401 performance shares on December 31, 2025 and is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority. These performance shares were previously reported as a result of the Company having met certain performance criteria pursuant to the reporting person's grant on February 14, 2022.
F2: Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on December 31, 2025.
F3: This amount represents shares automatically withheld upon the vesting of 5,185 restricted shares of common stock on January 1, 2026 and is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority.
F4: This amount represents shares automatically withheld upon the vesting of 6,610 restricted shares of common stock on January 1, 2026 and is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority.
--- Signature ---
/s/ /s/ Bianca Martinez, by Power of Attorney (2026-01-05)
