Form 4: CTO Realty Growth Director Laura M. Franklin Acquires Shares in Lieu of Retainer Fee
SEC Form 4 Filing
Director Laura M. Franklin acquired 625 shares of CTO Realty Growth, Inc. common stock in lieu of her 4th quarter 2024 board retainer fee.
Summary
- Laura M. Franklin, a director at CTO Realty Growth, Inc., acquired 625 shares of common stock on January 2, 2025.
- These shares were issued in lieu of her $12,500 4th quarter 2024 board retainer fee.
- The share price used to calculate the number of shares was $19.98050, based on the 20-day trailing average closing price as of the last day of the quarter.
- Following this transaction, Ms. Franklin's total direct holdings increased to 51,168 shares, which includes 137.376 shares acquired through the dividend reinvestment plan since October 2, 2024.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive. The director's increased stake in the company can be seen as a positive sign.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
- The use of shares in lieu of cash for director fees can be seen as a positive for cash flow management.
Industry Context
This transaction is a routine disclosure of a director's share acquisition, which is common in publicly traded companies as part of their compensation structure.
Comparison to Industry Standards
- Many publicly traded companies use a combination of cash and equity for director compensation.
- The use of a 20-day trailing average closing price is a common method for determining the value of shares issued as compensation.
- Dividend reinvestment plans are a standard offering for shareholders in many companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.
- The use of shares instead of cash for director fees can be seen as a positive for the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 02/27/2019 | Date the Issuer's Non-Employee Director Compensation Policy was adopted by the board of directors. |
| 02/14/2024 | Date the Issuer's Non-Employee Director Compensation Policy was last amended. |
| 10/02/2024 | Date of the Reporting Person's prior Form 4 filing. |
| 01/02/2025 | Date of the share acquisition by Laura M. Franklin. |
| 01/03/2025 | Date of the signature of the form. |
Keywords
CTO Realty Growth, Director Share Acquisition, Laura M. Franklin, Board Retainer Fee, Stock Transaction, Dividend Reinvestment Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.