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

Director R. Blakeslee Gable acquired 1,085 shares of CTO Realty Growth, Inc. common stock in lieu of Q2 2024 board and committee retainer fees.

Summary

• On July 1, 2024, R. Blakeslee Gable, a director of CTO Realty Growth, Inc., acquired 1,085 shares of common stock.
• The shares were issued in lieu of his 2nd quarter 2024 board retainer fee of $12,500 and committee retainer fees of $6,562.50.
• The price per share was $17.5555, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Gable directly owns 38,020 shares of CTO Realty Growth, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is taking shares instead of cash, which shows confidence. The amount is not large enough to significantly impact the stock.

Positives

• The director's acceptance of shares in lieu of cash compensation demonstrates confidence in the company's value.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice to align their interests with shareholders and conserve company cash.

Comparison to Industry Standards

• Many REITs and publicly traded companies offer directors the option to receive equity in lieu of cash compensation.
• This practice is generally viewed favorably as it aligns the interests of directors with those of shareholders.
• The specific terms of director compensation policies, including the valuation method for shares issued in lieu of cash, vary across companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates