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

Christopher Haga, a director at CTO Realty Growth, acquired 1,089 shares of common stock on October 1, 2024, in lieu of his 3rd quarter board and committee retainer fees.

Summary

• On October 1, 2024, Christopher Haga, a director of CTO Realty Growth, acquired 1,089 shares of the company's common stock.
• The shares were issued in lieu of his 3rd quarter 2024 board retainer fee of $12,500 and committee retainer fees of $8,437.50.
• The share price used to calculate the number of shares issued was $19.2235, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Haga directly owns 46,077 shares of CTO Realty Growth.
• The transaction was conducted under the Issuer's Non-Employee Director Compensation Policy adopted on February 27, 2019, and last amended on February 14, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and shareholders.

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

Directors receiving equity compensation is a common practice to align their interests with those of shareholders. This Form 4 filing is a routine disclosure of insider transactions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with theirs.
• The transaction has a minor positive impact on the company by preserving cash.

Key Dates