Form 4: CTO Realty Growth Director Gable Receives Stock in Lieu of Q3 Retainer Fees
SEC Form 4 Filing
Director Robert Blakeslee Gable received 991 shares of CTO Realty Growth, Inc. stock in lieu of his third-quarter board and committee retainer fees.
Summary
- Robert Blakeslee Gable, a director of CTO Realty Growth, Inc., received 991 shares of common stock on October 1, 2024.
- The shares were issued in lieu of his third-quarter 2024 board retainer fee of $12,500 and committee retainer fees of $6,562.50.
- The price per share was calculated using the 20-day trailing average closing price as of the last day of the quarter, which was $19.2235.
- Following the transaction, Gable directly owns 39,011 shares of CTO Realty Growth, Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to slightly positive as it aligns director interests with shareholders.
Industry Context
This filing reflects a common practice of compensating board members with company stock, aligning their interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| February 27, 2019 | Date the Issuer's Non-Employee Director Compensation Policy was adopted by the Issuer's board of directors |
| February 14, 2024 | Date the Issuer's Non-Employee Director Compensation Policy was last amended |
| October 01, 2024 | Date of the transaction where Gable acquired 991 shares. |
| October 02, 2024 | Date of the signature on the Form 4 filing. |
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