Form 4: CTO Realty Director Receives Annual Stock Award
Insider Transaction Report
CTO Realty Growth Director Christopher W. Haga acquired 3,462 shares of common stock as part of his annual compensation.
Summary
- Christopher W. Haga, a Director of CTO Realty Growth, Inc. (CTO), acquired 3,462 shares of common stock.
- The transaction occurred on February 11, 2026, and was an acquisition (A) of securities.
- These shares were issued as Mr. Haga's $62,500 "Annual Award" under the Issuer's Non-Employee Director Compensation Policy.
- The share price used for the award calculation was $18.05 per share, based on the 20-day trailing average closing price as of February 5, 2026.
- Following this transaction, Mr. Haga directly beneficially owns 29,937 shares of common stock.
- Additionally, Mr. Haga indirectly beneficially owns 28,520 shares through The Elizabeth Bennett Haga Irrevocable Trust.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive event. It's a routine compensation, but the director's increased equity stake fosters alignment with shareholder interests.
Positives
- A Director, Christopher W. Haga, increased his direct beneficial ownership in the company by 3,462 shares, which can signal alignment of interests with shareholders.
- The transaction is part of a pre-established Non-Employee Director Compensation Policy, indicating a structured approach to executive incentives.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that the issuance of equity as part of non-employee director compensation is a common practice across various industries, aligning director interests with long-term shareholder value. This filing reflects a routine implementation of such a policy.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Policy Implementation | The transaction is a direct result of the Issuer's Non-Employee Director Compensation Policy, adopted on February 27, 2019, and last amended on February 14, 2024. This policy outlines the framework for compensating non-employee directors with equity. | 02/11/2026 | Reinforces structured and transparent director compensation practices, aligning director incentives with company performance and shareholder value. |
Stakeholder Impact
- Shareholders: The acquisition of shares by a director, even as compensation, generally aligns the director's financial interests with those of the shareholders, potentially fostering better long-term decision-making.
Key Dates
| Date | Description |
|---|---|
| 02/27/2019 | Date the Issuer's Non-Employee Director Compensation Policy was adopted by the board of directors. |
| 02/14/2024 | Date the Issuer's Non-Employee Director Compensation Policy was last amended. |
| 02/05/2026 | Date used to calculate the 20-day trailing average closing price ($18.05) for the stock award. |
| 02/11/2026 | Transaction date for the acquisition of 3,462 shares by Christopher W. Haga. |
| 02/13/2026 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 filing details a routine, pre-scheduled annual stock award to a director, which is part of the company's established compensation policy. It does not provide new fundamental information that would warrant a change in investment recommendation. While it shows director alignment, it's not a significant catalyst for a 'buy' or 'sell' decision.
Keywords
CTO Realty Growth, CTO, Form 4, Insider Transaction, Director Compensation, Stock Award, Equity Grant, Corporate Governance
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.