What the executives and directors of Realty Income actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Roy Sumit President, CEO & Director | CEO | 452.3K | — | — |
| MCKEE MICHAEL D | Director | 269.2K | — | — |
| Hagan Mark E EVP, Chief Investment Officer | Officer | 106.9K | — | — |
| Abraham Neil See Remarks | Officer | 101.1K | — | — |
| Huskins Priya Cherian | Director | 89.6K | — | — |
| Bushore Michelle See Remarks | Officer | 67.6K | — | $462K |
| McLaughlin Gregory | Director | 62.1K | — | $203K |
| Pong Jonathan EVP, CFO & Treasurer | CFO | 43.3K | — | — |
| LOPEZ GERARDO I | Director | 34.8K | — | — |
| Whyte Gregory J. EVP, Chief Operating Officer | COO | 34.1K | — | — |
| Kelly Christie B. EVP, CFO & Treasurer | CFO | 28.8K | — | — |
| Kehle Shannon EVP, Chief People Officer | Officer | 26.7K | — | — |
| Chapman A. Larry | Director | 25.9K | — | — |
| Almodovar Priscilla | Director | 25.2K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-02 | Bushore Michelle (Officer) | Discretionary sale | 7,400 | $62.42 | $462K |
| 2026-04-01 | McLaughlin Gregory (Director) | Discretionary sale | 3,275 | $61.87 | $203K |
| 2025-09-30 | Preusse Mary Hogan (Director) | Discretionary sale | 11K | $60.43 | $665K |
| 2024-12-03 | McLaughlin Gregory (Director) | Discretionary sale | 1,250 | $56.17 | $70K |
| 2024-09-11 | Preusse Mary Hogan (Director) | Discretionary sale | 1,712 | $62.58 | $107K |
| 2024-08-23 | Chapman A. Larry (Director) | Discretionary sale | 5,000 | $60.77 | $304K |
| 2024-04-09 | Chapman A. Larry (Director) | Discretionary sale | 5,000 | $54.23 | $271K |
| 2023-12-18 | Chapman A. Larry (Director) | Discretionary sale | 3,500 | $56.98 | $199K |
| 2023-02-27 | Abraham Neil (Officer) | Discretionary sale | 26.6K | $65.34 | $1.7M |
| 2022-09-01 | Chapman A. Larry (Director) | Discretionary sale | 7,000 | $67.97 | $476K |
| 2021-06-11 | MERRIMAN RONALD (Director) | Discretionary sale | 4,000 | $70.05 | $280K |
| 2021-06-11 | McLaughlin Gregory (Director) | Discretionary sale | 2,000 | $70.55 | $141K |
| 2021-01-12 | Huskins Priya Cherian (Director) | Open-market buy | 9 | $57.43 | $517 |
| 2021-01-11 | Huskins Priya Cherian (Director) | Open-market buy | 6 | $59.45 | $357 |
| 2021-01-08 | Huskins Priya Cherian (Director) | Open-market buy | 6 | $59.34 | $356 |
| 2020-12-16 | Chapman A. Larry (Director) | Discretionary sale | 9,000 | $61.40 | $553K |
| 2020-11-30 | Huskins Priya Cherian (Director) | Open-market buy | 66 | $60.92 | $4K |
| 2019-09-09 | MEURER PAUL M (CFO) | Discretionary sale | 10K | $75.33 | $753K |
| 2019-09-05 | McLaughlin Gregory (Director) | Discretionary sale | 3,000 | $75.81 | $227K |
| 2019-09-05 | Chapman A. Larry (Director) | Discretionary sale | 8,000 | $75.09 | $601K |
| 2019-05-28 | PFEIFFER MICHAEL R (Officer) | Discretionary sale | 10.8K | $69.83 | $756K |
| 2019-05-24 | MERRIMAN RONALD (Director) | Discretionary sale | 6,000 | $70.72 | $424K |
| 2019-05-24 | Fox Benjamin N (Officer) | Discretionary sale | 2,631 | $70.70 | $186K |
| 2018-08-24 | Chapman A. Larry (Director) | Discretionary sale | 9,000 | $58.56 | $527K |
| 2018-08-16 | McLaughlin Gregory (Director) | Discretionary sale | 3,100 | $58.00 | $180K |
| 2018-08-06 | PFEIFFER MICHAEL R (Officer) | Discretionary sale | 10K | $57.63 | $576K |
| 2018-08-06 | MEURER PAUL M (CFO) | Discretionary sale | 13.3K | $57.62 | $765K |
| 2018-08-06 | Case John (CEO) | Discretionary sale | 35K | $57.70 | $2M |
| 2018-08-06 | Roy Sumit (COO) | Discretionary sale | 18.7K | $57.49 | $1.1M |
| 2018-05-24 | ALLEN KATHLEEN (Director) | Discretionary sale | 4,000 | $52.55 | $210K |
| 2018-03-06 | Fox Benjamin N (Officer) | Discretionary sale | 2,276 | $50.39 | $115K |
| 2017-11-10 | Tomlinson Joel (Officer) | Discretionary sale | 1,746 | $56.45 | $99K |
| 2017-11-02 | MEURER PAUL M (CFO) | Discretionary sale | 5,603 | $54.75 | $307K |
| 2017-09-19 | McLaughlin Gregory (Director) | Discretionary sale | 3,200 | $58.85 | $188K |
| 2017-06-19 | Huskins Priya Cherian (Director) | Discretionary sale | 8,000 | $56.23 | $450K |
| 2017-03-30 | Israel Robert (Officer) | Discretionary sale | 2,280 | $58.97 | $134K |
| 2017-03-30 | McLaughlin Gregory (Director) | Discretionary sale | 1,875 | $59.00 | $111K |
| 2017-03-24 | McLaughlin Gregory (Director) | Discretionary sale | 1,875 | $59.43 | $111K |
| 2017-03-21 | MEURER PAUL M (CFO) | Discretionary sale | 16.5K | $60.00 | $990K |
| 2017-03-21 | Roy Sumit (COO) | Discretionary sale | 14.7K | $60.02 | $879K |
| 2017-03-20 | PFEIFFER MICHAEL R (Officer) | Discretionary sale | 10.2K | $59.51 | $608K |
| 2017-03-20 | Case John (CEO) | Discretionary sale | 28K | $59.78 | $1.7M |
| 2017-03-20 | Fox Benjamin N (Officer) | Discretionary sale | 1,847 | $59.55 | $110K |
| 2016-08-17 | MERRIMAN RONALD (Director) | Discretionary sale | 2,500 | $66.68 | $167K |
| 2016-08-02 | ALLEN KATHLEEN (Director) | Discretionary sale | 4,000 | $70.49 | $282K |
| 2016-06-24 | Fox Benjamin N (Officer) | Discretionary sale | 2,174 | $65.79 | $143K |
| 2016-06-15 | McLaughlin Gregory (Director) | Discretionary sale | 1,950 | $63.87 | $125K |
| 2016-06-01 | Wenthur Cary (Officer) | Discretionary sale | 9,000 | $60.54 | $545K |
| 2016-05-18 | Huskins Priya Cherian (Director) | Discretionary sale | 2,000 | $62.29 | $125K |
| 2016-03-30 | PFEIFFER MICHAEL R (Officer) | Discretionary sale | 2,727 | $62.52 | $170K |
| 2016-03-30 | Case John (CEO) | Discretionary sale | 8,000 | $62.34 | $499K |
| 2016-03-29 | Case John (CEO) | Discretionary sale | 15K | $62.63 | $939K |
| 2016-02-19 | MEURER PAUL M (CFO) | Discretionary sale | 3,175 | $60.28 | $191K |
| 2016-02-17 | MERRIMAN RONALD (Director) | Discretionary sale | 4,262 | $59.40 | $253K |
| 2016-02-17 | Roy Sumit (COO) | Discretionary sale | 14.8K | $59.59 | $884K |
| 2016-02-17 | Tomlinson Joel (Officer) | Discretionary sale | 1,989 | $60.13 | $120K |
| 2016-02-16 | PFEIFFER MICHAEL R (Officer) | Discretionary sale | 10.8K | $59.76 | $646K |
| 2016-02-16 | Israel Robert (Officer) | Discretionary sale | 3,166 | $59.82 | $189K |
| 2016-02-16 | Case John (CEO) | Discretionary sale | 25K | $59.73 | $1.5M |
| 2015-12-29 | Case John (CEO) | Discretionary sale | 15K | $52.01 | $780K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.