Sumit Roy

Sumit Roy has built a distinguished career through a series of progressive leadership roles at Realty Income, where his strategic vision has driven significant growth and international expansion. " "

Academically, he has laid a robust foundation for success with advanced degrees in both business and computer science, an educational blend that enhances his analytical approach to the financial and real estate sectors. " "

Throughout his tenure, he has steered the company through multiple transformations, overseeing acquisitions and operational initiatives that have reinforced the company’s reputation as a reliable dividend payer. " "

In addition to his executive responsibilities, he has contributed to the broader industry through board memberships and advisory roles, demonstrating a commitment to fostering sustainable strategies and overall organizational success. " " " "

Short-Term Incentive Program (STIP)

• Individual Objectives (30% weight): Specific details not provided.
• Target Annual Incentive: $2,498,000 "
• Maximum Annual Incentive: $4,996,000 "
• Actual Incentive Earned: $4,055,087 " (representing 162% of target and 81% of maximum " )
• Payment Schedule: Cash paid in February 2024 " "
• Grant Date: February 13, 2023 "

Long-Term Incentive Program (LTIP) Performance Shares

• Grant Date: February 13, 2023 " "
• Grant Date Fair Value: $68.35 per share " "
• Grant Date Stock Price: $67.15 per share for restricted stock awards "
• Performance Shares Granted:
  • Threshold: 41,233 shares "
  • Target: 82,466 shares "
  • Maximum: 164,932 shares "
• Performance Share Target Dollar Value: $5,326,500 "
• Vesting Schedule:
  • 50% vests upon achievement certification following the performance period (January 1, 2023 to December 31, 2025) "
  • The remaining 50% vests on January 1, 2027, subject to continued employment "
• Additional Conditions: Dividend Equivalent Rights are payable in cash post vesting, reflecting dividends that would have been earned from January 1, 2023, through the vesting date "