Form 4: CTO Realty Growth Director Acquires Shares in Lieu of Retainer Fees

Christopher J. Drew, a director of CTO Realty Growth, Inc., acquired 857 shares of common stock in lieu of his 1st quarter 2025 board and committee retainer fees.

Summary

• On April 1, 2025, Christopher J. Drew, a director of CTO Realty Growth, Inc., acquired 857 shares of common stock.
• The shares were issued in lieu of his 1st quarter 2025 board retainer fee of $12,500 and committee retainer fees of $3,750, totaling $16,250.
• The share price used to calculate the number of shares issued was $18.949, based on the 20-day trailing average closing price as of the last business day of the calendar quarter.
• Following the transaction, Mr. Drew directly owns 20,303 shares of CTO Realty Growth, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There are no indications of significant positive or negative implications for the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This is a routine transaction related to director compensation, common in publicly traded companies. Directors often receive equity as part of their compensation packages to align their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation practices vary across the real estate industry.
• Some companies offer a mix of cash and equity, while others rely more heavily on one or the other.
• Equity grants are often tied to company performance or long-term value creation.
• Comparable companies such as Regency Centers Corporation (REG) and Kimco Realty Corporation (KIM) also utilize equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs through equity ownership.

Key Dates

Keywords

CTO Realty Growth, Director, Share Acquisition, Form 4, Insider Transaction, Christopher J. Drew, Board Retainer, Committee Retainer