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

Director Laura M. Franklin acquired 650 shares of CTO Realty Growth, Inc. common stock in lieu of her 3rd quarter board retainer fee.

Summary

• On October 1, 2024, Laura M. Franklin, a director of CTO Realty Growth, Inc., acquired 650 shares of common stock.
• The shares were issued in lieu of her 3rd quarter 2024 board retainer fee of $12,500, as per the company's Non-Employee Director Compensation Policy.
• The share price used for the calculation was $19.2235, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Franklin's total holdings amount to 50,405 shares, which includes 139.315 shares acquired through the dividend reinvestment plan since July 2, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is taking shares instead of cash, which shows confidence. It's a routine transaction, so it's not a major event.

Positives

• The director's acceptance of shares in lieu of cash compensation demonstrates confidence in the company's future prospects.
• Continued participation in the dividend reinvestment plan shows a long-term commitment to the company.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Comparison to Industry Standards

• Director compensation policies vary across the REIT industry.
• Some companies offer a mix of cash and equity, while others may provide only cash or equity.
• The decision to accept shares in lieu of cash is a common practice among directors who are confident in the company's long-term prospects.
• Comparing CTO Realty Growth's director compensation policy with peers like Simon Property Group (SPG) or Prologis (PLD) would provide a broader context.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates