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

Director Christopher Haga acquired 1,104 shares of CTO Realty Growth, Inc. common stock on April 1, 2025, in lieu of his 1st quarter board and committee retainer fees.

Summary

• On April 1, 2025, Christopher W. Haga, a director of CTO Realty Growth, Inc., acquired 1,104 shares of common stock.
• The acquisition was in lieu of his 1st quarter 2025 board retainer fee of $12,500 and committee retainer fees of $8,437.50.
• The shares were issued pursuant to the Issuer's Non-Employee Director Compensation Policy.
• The share price used to calculate the number of shares issued was $18.949, which was the 20-day trailing average closing price as of the last business day of the calendar quarter.
• Following the transaction, Haga directly owns 51,413 shares of CTO Realty Growth, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is taking shares instead of cash, which shows confidence. The transaction is part of a pre-existing compensation plan, so it's not unexpected.

Positives

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

Industry Context

Director share acquisitions are common and often viewed positively as they align the director's interests with those of the shareholders. This transaction is part of a pre-existing compensation policy.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) use similar compensation policies for non-employee directors, often including a mix of cash and equity.
• Equity compensation is a common practice among publicly traded companies to align director and shareholder interests.
• Comparing CTO Realty Growth's director compensation policy to peers like Simon Property Group (SPG) or Prologis (PLD) would provide further context, but specific details of their policies are not available in this document.

Stakeholder Impact

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

Key Dates

Keywords

CTO Realty Growth, Director, Share Acquisition, Form 4, Insider Transaction, Christopher Haga, Retainer Fees, Non-Employee Director Compensation Policy