Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) Retirement of Michael R. Pfeiffer as Executive Vice President, Chief
Administrative Officer, General Counsel and Secretary
As previously disclosed, on January 20, 2021, Michael R. Pfeiffer notified
Realty Income Corporation (the "Company") of his intention to retire from his
service to the Company. Mr. Pfeiffer retired from the Company effective June 30,
2021.
On August 12, 2021, the Compensation Committee (the "Committee") of the Board of
Directors of the Company determined and approved the actual amounts to be paid
or provided to Mr. Pfeiffer pursuant to the Company's previously disclosed
retirement arrangement with Mr. Pfeiffer, as follows: (a) $915,750 in respect of
Mr. Pfeiffer's 2021 annual cash bonus based on actual attainment of individual
and Company performance metrics, (b) vesting of 5,628 and 8,925 performance
shares in respect of Mr. Pfeiffer's 2019 and 2020 performance share awards,
respectively, based on actual performance, and (c) 2,428 shares of Company
common stock in respect of Mr. Pfeiffer's 2021 long-term incentive plan award,
valued by the Company at $165,000.
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REALTY INCOME CORPORATION 
