Form 4: CTO Realty Growth Director Christopher Drew Acquires Shares as Part of Annual Award
SEC Form 4 Filing
Director Christopher J. Drew acquired 3,185 shares of CTO Realty Growth, Inc. as part of his annual director compensation.
Summary
- On February 12, 2025, Christopher J. Drew, a director of CTO Realty Growth, Inc., acquired 3,185 shares of common stock.
- The acquisition was part of his annual award under the company's Non-Employee Director Compensation Policy.
- The price per share was $19.618, based on the 20-day trailing average closing price as of February 6, 2025.
- Following the transaction, Drew directly owns 19,446 shares of CTO Realty Growth, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects a routine transaction related to director compensation, indicating alignment of interests between the director and the company's shareholders.
Positives
- The acquisition reflects the director's continued investment in the company.
- The annual award aligns the director's interests with those of the shareholders.
Future Outlook
There is no future outlook information provided in this document.
Industry Context
This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders. The compensation policy was adopted in 2019 and last amended in 2024.
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 to peers like Agree Realty Corporation (ADC) or Realty Income Corporation (O) would provide a benchmark for assessing its competitiveness.
- These companies also use a mix of cash and equity to compensate directors, with the specific amounts and vesting schedules varying based on company size, performance, and governance practices.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/27/2019 | Date the Issuer's Non-Employee Director Compensation Policy was adopted by the Issuer's board of directors |
| 02/14/2024 | Date the Issuer's Non-Employee Director Compensation Policy was last amended |
| 02/06/2025 | Date used to calculate the 20-day trailing average closing price for share issuance. |
| 02/12/2025 | Date of the transaction where Christopher J. Drew acquired shares. |
| 02/14/2025 | Date of signature on the Form 4 filing. |
Keywords
CTO Realty Growth, Director Compensation, Christopher Drew, Stock Acquisition, Form 4, Insider Trading
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