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

George R. Brokaw, a director at CTO Realty Growth, acquired 1,055 shares of common stock in lieu of his Q1 2025 board and committee retainer fees.

Summary

• George R. Brokaw, a director at CTO Realty Growth, acquired 1,055 shares of common stock on April 1, 2025.
• The shares were issued in lieu of his 1st quarter 2025 board retainer fee of $12,500 and committee retainer fees of $7,500.
• The share price used to calculate the number of shares 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, Brokaw directly owns 89,701 shares of common stock and indirectly owns 3,858 shares through the Babette Brokaw Revocable Trust.
• The trust, of which Brokaw is a beneficiary and trustee, directly holds these 3,858 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company, but it's a routine transaction.

Positives

• Director's confidence in the company is demonstrated by accepting shares in lieu of cash compensation.

Industry Context

This is a routine transaction related to director compensation, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation policies vary across the REIT industry, but equity-based compensation is a common component.
• Comparing CTO Realty Growth's director compensation policy to peers like Agree Realty Corporation (ADC) or Realty Income Corporation (O) would provide further context.
• These companies also often use a mix of cash and equity to compensate directors, aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholders through equity ownership.

Key Dates

Keywords

CTO Realty Growth, Director, Share Acquisition, Form 4, Insider Transaction, George R. Brokaw, Retainer Fees, Common Stock