Form 4: CTO Realty Growth Director Laura M. Franklin Acquires Shares as Part of Annual Award

Director Laura M. Franklin acquired 3,185 shares of CTO Realty Growth, Inc. common stock as part of her annual award.

Summary

• On February 12, 2025, Laura M. Franklin, a director of CTO Realty Growth, Inc., acquired 3,185 shares of common stock.
• The acquisition was part of her annual award, valued at $62,500, under the company's Non-Employee Director Compensation Policy.
• The share price used to calculate the number of shares issued was $19.618, based on the 20-day trailing average closing price as of February 6, 2025.
• Following the transaction, Franklin directly owns 54,353 shares of CTO Realty Growth, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director acquiring shares as part of a pre-defined compensation plan is a routine event and signals alignment with shareholder interests.

Positives

• The acquisition reflects the director's continued investment in the company.
• The annual award aligns the director's interests with those of the shareholders.

Industry Context

Director share acquisitions are common and often viewed positively as they align management's interests with shareholders. The Non-Employee Director Compensation Policy is a standard practice for compensating board members.

Comparison to Industry Standards

• Director compensation policies vary across the REIT industry, but equity-based awards are a common component.
• Comparing CTO Realty Growth's director compensation policy to peers like Simon Property Group (SPG) or Prologis (PLD) would provide a benchmark for assessing its competitiveness.
• Equity grants as part of director compensation are generally considered best practice to align director and shareholder interests.

Stakeholder Impact

• The share acquisition could have a slightly positive impact on shareholder sentiment.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

CTO Realty Growth, Director, Laura M. Franklin, Share Acquisition, Annual Award, Non-Employee Director Compensation Policy, Common Stock, Beneficial Ownership