Form 4: CTO Realty Growth Director Receives Equity as Compensation

Christopher J. Drew, a Director at CTO Realty Growth, Inc., acquired 896 shares of common stock at $18.1265 per share, representing payment for his second-quarter 2025 board and committee retainer fees.

Summary

• Christopher J. Drew, a Director of CTO Realty Growth, Inc. (CTO), acquired 896 shares of common stock on July 1, 2025.
• The shares were acquired at a price of $18.1265 per share.
• This acquisition represents payment for his second-quarter 2025 board retainer fee of $12,500 and committee retainer fees of $3,750, totaling $16,250.
• Following this transaction, Mr. Drew beneficially owns 21,199 shares of CTO common stock.
• The share price used for the transaction was the 20-day trailing average closing price as of the last business day of the calendar quarter, as per the company's Non-Employee Director Compensation Policy.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially as part of compensation, is generally viewed positively as it indicates alignment of interests with shareholders and confidence in the company's future. While not a direct cash investment, it increases insider ownership.

Positives

• Director Christopher J. Drew increased his direct ownership in CTO Realty Growth, Inc. by acquiring 896 shares, aligning his interests further with shareholders.
• The acquisition of shares in lieu of cash fees demonstrates confidence in the company's future performance by a key insider.
• The transaction is part of a pre-established Non-Employee Director Compensation Policy, indicating a structured and transparent approach to director compensation.

Future Outlook

The document does not provide any explicit forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports a past insider transaction.

Management Comments

• These shares were issued to the Reporting Person in lieu of his 2nd quarter 2025 board retainer fee of $12,500 and committee retainer fees of $3,750.00 pursuant to the Issuer's Non-Employee Director Compensation Policy (the 'Policy') adopted by the Issuer's board of directors on February 27, 2019 (last amended February 14, 2024).
• Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last business day of the calendar quarter, or $18.126500.

Industry Context

This Form 4 filing details a routine insider transaction for a Director of CTO Realty Growth, Inc., a real estate investment trust (REIT). Such transactions, particularly those involving share acquisitions as part of compensation, are common across various industries, including the REIT sector, as a means to align management and director interests with shareholders. The specific details of this transaction do not provide broader industry trends or competitive insights.

Corporate Governance

Related Party Transactions

• The acquisition of shares by Christopher J. Drew, a Director of CTO Realty Growth, Inc., from the company itself as part of his compensation constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Increased alignment of interests with Director Drew, as his personal stake in the company's equity grows. This can be perceived as a positive signal of confidence.

Key Dates

Recommendation

Keywords

CTO Realty Growth, CTO, Form 4, Insider Trading, Director Compensation, Share Acquisition, Stock Ownership, SEC Filing, Real Estate Investment Trust, REIT