Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table presents the number and average price of shares purchased during the three months ended September 30, 2025:
+Added: The following table presents the number and average price of shares purchased during the three months ended March 31, 2026:
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program (2)
−Removed: Maximum Dollar Value of Shares that May be Repurchased Under the Program
−Removed: July 1, 2025 — July 31, 2025 96 $ 57.80 — $ 2,000,000,000
−Removed: August 1, 2025 — August 31, 2025 2,647 $ 56.79 — $ 2,000,000,000
−Removed: September 1, 2025 — September 30, 2025 152 $ 58.79 — $ 2,000,000,000
+Added: Average Price Paid per Share Maximum Dollar Value of Shares that May be Repurchased Under the Program
+Added: January 1, 2026 — January 31, 2026 79,719 $ 56.37 1,761,600 $ 57.85 $ 1,898,091,440
+Added: February 1, 2026 — February 28, 2026 114,709 $ 66.11 — $ — $ 1,898,091,440
+Added: March 1, 2026 — March 31, 2026 5,288 $ 65.67 — $ — $ 1,898,091,440
Total 199,716 $ 62.21 1,761,600 $ 57.85
−Removed: (1) All 2,895 shares of common stock purchased during the three months ended September 30, 2025 were withheld for state and federal payroll taxes on the vesting of employee stock awards, as permitted under the Realty Income 2021 Incentive Award Plan.
+Added: (1) All 199,716 shares of common stock purchased during the three months ended March 31, 2026 were withheld for state and federal payroll taxes on the vesting of employee stock awards, as permitted under the Realty Income 2021 Incentive Award Plan.
The withholding of common stock by us could be deemed a purchase of such common stock.
−Removed: (2) In February 2025, our Board of Directors authorized a share repurchase program for up to $2.0 billion in shares of our common stock, which will expire in January 2028.
+Added: (2) We are authorized to repurchase up to $2.0 billion in shares of our common stock under our share repurchase program, which will expire in January 2028.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.