Form 4: CTO Realty CEO's Stock Award & Tax Withholding

CTO Realty Growth, Inc. CEO John P. Albright received a significant stock award and subsequently withheld shares for tax obligations, increasing his net beneficial ownership.

Summary

• John P. Albright, President & CEO and Director of CTO Realty Growth, Inc., reported transactions involving the company's common stock.
• On January 12, 2026, Albright acquired 59,163 shares of common stock at a price of $0 per share, issued pursuant to a Performance Shares Award Agreement dated February 17, 2023.
• Following this acquisition, his beneficial ownership was 693,710 shares.
• On the same date, Albright disposed of 23,702 shares of common stock at a price of $18.37 per share. These shares were withheld by the Issuer to satisfy his payroll tax liability related to the award.
• After these transactions, Albright's direct beneficial ownership stands at 670,008 shares, which includes 62,410 shares of restricted common stock that vest over time.
• He also indirectly owns 355 shares through a Shanna E. Albright Rollover IRA.

Sentiment

Score: 7

Explanation: The filing reports a routine, pre-planned insider transaction where the CEO received a significant stock award for performance, partially offset by tax withholding. The net effect is an increase in the CEO's beneficial ownership, which is generally viewed positively as it aligns management and shareholder interests.

Positives

• John P. Albright received 59,163 shares of common stock as a performance award, indicating achievement of performance targets.
• The net effect of the transactions is an increase in Albright's direct beneficial ownership by 35,461 shares (59,163 acquired 23,702 disposed), aligning management's interests with shareholders.
• The award was granted at a price of $0, representing a significant value to the CEO.

Negatives

• 23,702 shares were disposed of to cover payroll tax liabilities, reducing the total number of shares directly held by the CEO.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The increase in the CEO's beneficial ownership aligns his interests more closely with those of shareholders, potentially signaling confidence in the company's future.
• Employees: The performance award structure could serve as an incentive for other executives and employees.

Key Dates

Keywords

CTO Realty Growth, CTO, John P. Albright, Insider Transaction, Form 4, Stock Award, CEO, Beneficial Ownership, Common Stock, Performance Shares