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

Christopher J. Drew, a director at CTO Realty Growth, acquired 963 shares of common stock on April 1, 2024, in lieu of his 1st quarter board and committee retainer fees.

Summary

• On April 1, 2024, Christopher J. Drew, a director of CTO Realty Growth, Inc., acquired 963 shares of common stock.
• The shares were issued in lieu of his 1st quarter 2024 board retainer fee of $12,500 and committee retainer fees of $3,750.
• The price per share was $16.8625, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Mr. Drew directly owns 13,678 shares of CTO Realty Growth, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an insider transaction related to compensation. The director taking shares could be seen as a slightly positive signal.

Positives

• A director's decision to take shares in lieu of cash compensation could be seen as a positive signal of confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive compensation in the form of stock, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation practices vary across the real estate industry.
• Some companies provide a mix of cash and equity, while others rely more heavily on one form of compensation.
• The specific terms of CTO Realty Growth's Non-Employee Director Compensation Policy are typical of similar companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding director compensation.

Key Dates