Form 4: CTO Realty Growth Director Christopher J. Drew Acquires Shares in Lieu of Retainer Fees

Director Christopher J. Drew acquired 925 shares of CTO Realty Growth, Inc. common stock on July 1, 2024, in lieu of his 2nd quarter board and committee retainer fees.

Summary

• On July 1, 2024, Christopher J. Drew, a director of CTO Realty Growth, Inc., acquired 925 shares of common stock.
• The shares were issued in lieu of his 2nd quarter 2024 board retainer fee of $12,500 and committee retainer fees of $3,750.
• The price per share was $17.5555, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Mr. Drew directly owns 14,603 shares of CTO Realty Growth, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking shares instead of cash is a slightly positive signal.

Positives

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is common for directors to receive equity as part of their compensation.

Stakeholder Impact

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

Key Dates