Form 4: CTO Realty Growth Director Christopher Haga Receives Annual Award in Stock

Director Christopher Haga of CTO Realty Growth received 3,185 shares of common stock as part of his annual award, valued at $62,500.

Summary

• Christopher Haga, a director of CTO Realty Growth, Inc., received 3,185 shares of common stock on February 12, 2025.
• The shares were issued as his annual award, valued at $62,500, according to the company's Non-Employee Director Compensation Policy.
• The share price used to calculate the number of shares was $19.618, based on the 20-day trailing average closing price as of February 6, 2025.
• Following the transaction, Haga directly owns 50,309 shares of CTO Realty Growth.
• The Non-Employee Director Compensation Policy was initially adopted on February 27, 2019, and last amended on February 14, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive as it demonstrates alignment of director interests with shareholders.

Positives

• The transaction reflects adherence to the company's established Non-Employee Director Compensation Policy.
• Director Haga's increased stake in the company aligns his interests with those of other shareholders.

Future Outlook

The document does not contain specific forward-looking statements beyond the standard operation of the director compensation policy.

Industry Context

Director compensation in the form of stock awards is a common practice in publicly traded companies to align the interests of directors with those of shareholders. The specific details of the CTO Realty Growth's Non-Employee Director Compensation Policy are relevant in this context.

Comparison to Industry Standards

• Stock awards are a typical component of director compensation packages in REITs and other publicly traded companies.
• The value of the award ($62,500) and the methodology for determining the share price (20-day trailing average) appear to be within industry norms for companies of similar size and market capitalization.
• Comparable companies such as Agree Realty Corporation (ADC) and National Retail Properties (NNN) also utilize stock awards as part of their director compensation plans.

Stakeholder Impact

• Shareholders may view the stock award positively as it aligns the director's interests with the company's long-term performance.
• The award does not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

CTO Realty Growth, Director Compensation, Christopher Haga, Stock Award, Form 4, Beneficial Ownership, Equity Securities