AI English summary of an SEC filing — figures as filed

The company said it approved the Realty Income Corporation Deferred Compensation Plan, which takes effect on December 1, 2024 (November 25, 2024).

8-KDeparture or Appointment of Directors or Certain OfficersFiled Nov 26, 2024Period of report Nov 25, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it approved the Realty Income Corporation Deferred Compensation Plan, which takes effect on December 1, 2024 (November 25, 2024).
Realty Income said the plan is a non-qualified deferred compensation plan that lets eligible executives selected by the company and non-employee directors defer taxable income, thereby deferring income taxes and helping with retirement savings.
The company said participants may elect to defer up to 75% of their base compensation and up to 100% of their bonus, commission, director retainer, equity awards and other compensation.
The company said the plan is unfunded, meaning it has no specific assets set aside for it. Distributions are made in a lump sum or in equal annual installments, for up to 5 years for specified-date payouts and up to 10 years for payouts after separation from service.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Deferred Compensation Plan Approval and Effective Date

The company said it approved the Realty Income Corporation Deferred Compensation Plan, which takes effect on December 1, 2024 (November 25, 2024).

Source · Based on the filing body and exhibits

Eligibility and Purpose of Non-Qualified Plan

Realty Income said the plan is a non-qualified deferred compensation plan that lets eligible executives selected by the company and non-employee directors defer taxable income, thereby deferring income taxes and helping with retirement savings.

Source · Based on the filing body and exhibits

Deferral Limits

The company said participants may elect to defer up to 75% of their base compensation and up to 100% of their bonus, commission, director retainer, equity awards and other compensation.

Source · Based on the filing body and exhibits

Unfunded Structure and Distribution Method

The company said the plan is unfunded, meaning it has no specific assets set aside for it. Distributions are made in a lump sum or in equal annual installments, for up to 5 years for specified-date payouts and up to 10 years for payouts after separation from service.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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