Form 4: CTO Realty Growth CEO John P. Albright Reports Share Withholding for Tax Liability
SEC Form 4 Filing
John P. Albright, CEO of CTO Realty Growth, reports the withholding of shares to cover tax liabilities following the vesting of restricted common stock.
Summary
- On January 28, 2025, John P. Albright, the President & CEO of CTO Realty Growth, had 26,029 shares of restricted common stock vest.
- The issuer withheld 10,359 shares at a price of $19.72 to satisfy Mr. Albright's tax liability.
- Following the transaction, Mr. Albright directly owns 560,195 shares of common stock, including 28,263 restricted shares that vest over time.
- Mr. Albright also indirectly owns 355 shares through a Shanna E. Albright Rollover IRA.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. It doesn't indicate positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The transaction has a minor impact on the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of transaction: Vesting of restricted common stock and subsequent share withholding for tax liability. |
| 01/30/2025 | Date of signature for the Form 4 filing. |
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