Form 4: CTO Realty Growth Director Laura Franklin Acquires Shares in Lieu of Retainer Fee

Director Laura Franklin acquired 741 shares of CTO Realty Growth, Inc. common stock in lieu of her 1st quarter 2024 board retainer fee.

Summary

• Laura Franklin, a director of CTO Realty Growth, Inc., acquired 741 shares of common stock on April 1, 2024.
• The shares were issued in lieu of her 1st quarter 2024 board retainer fee of $12,500.
• The share price was calculated using the 20-day trailing average closing price as of the last day of the quarter, which was $16.8625.
• Following the transaction, Franklin beneficially owns 48,756 shares, which includes 149.684 shares acquired through the dividend reinvestment plan since February 16, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, aligning interests with shareholders.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The use of shares in lieu of cash for the retainer fee preserves company cash.

Industry Context

Directors often receive compensation in the form of company stock to align their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation practices vary across the real estate industry.
• Some companies provide a mix of cash and stock, while others rely more heavily on one form of compensation.
• Comparing CTO Realty Growth's director compensation policy to peers like Simon Property Group or Boston Properties would provide further context.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive sign.
• The company preserves cash by issuing shares instead of paying the retainer fee in cash.

Key Dates