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

Director George R. Brokaw acquired 1,186 shares of CTO Realty Growth, Inc. in lieu of his 1st quarter 2024 board and committee retainer fees.

Summary

• On April 1, 2024, George R. Brokaw, a director of CTO Realty Growth, Inc., acquired 1,186 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 $7,500.
• 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, Brokaw directly owns 82,282 shares 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 securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The method of acquisition (in lieu of fees) is also a reasonable practice.

Positives

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

Industry Context

Director share acquisitions are common and often viewed positively by investors as they align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the director's share acquisition positively.
• The company preserves cash by issuing shares instead of paying cash fees.

Key Dates