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

Director Robert Blakeslee Gable acquired 1,130 shares of CTO Realty Growth, Inc. common stock on April 1, 2024, in lieu of his 1st quarter 2024 board and committee retainer fees.

Summary

• On April 1, 2024, Robert Blakeslee Gable, a director of CTO Realty Growth, Inc., acquired 1,130 shares of common stock.
• The acquisition was made in lieu of his 1st quarter 2024 board retainer fee of $12,500 and committee retainer fees of $6,562.50.
• The share price used to calculate the number of shares issued was $16.8625, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Gable directly owns 36,935 shares of CTO Realty Growth, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director receiving shares as part of their compensation. It doesn't indicate any significant positive or negative developments for the company.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive compensation in the form of stock, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it's a small number of shares being issued to a director as part of their compensation.

Key Dates