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

Director George R. Brokaw acquired 1,040 shares of CTO Realty Growth, Inc. in lieu of his 3rd quarter board and committee retainer fees.

Summary

• George R. Brokaw, a director of CTO Realty Growth, Inc., acquired 1,040 shares of common stock on October 1, 2024.
• The shares were issued in lieu of his 3rd quarter 2024 board retainer fee of $12,500 and committee retainer fees of $7,500.
• The price per share was $19.2235, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Brokaw directly owns 84,461 shares and indirectly owns 3,858 shares through the Babette Brokaw Revocable Trust.
• The trust, of which Brokaw is a beneficiary and trustee, holds the indirectly owned shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash compensation can be seen as a positive sign, indicating confidence in the company's future and helping to conserve cash.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The use of shares in lieu of cash preserves the company's cash reserves.

Industry Context

Directors often receive compensation in the form of company stock, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) like CTO Realty Growth use stock-based compensation for directors.
• Companies such as Simon Property Group and Prologis also utilize similar compensation policies to align director and shareholder interests.
• The specific amount and terms of stock compensation vary based on company size, performance, and industry norms.

Stakeholder Impact

• Shareholders may view the director's stock acquisition positively.
• The company benefits from preserving cash by issuing stock instead of cash compensation.

Key Dates