Form 4: CTO Realty Growth Executive Corrects Previous Filings, Reports Stock Purchase

Daniel Earl Smith, SVP, General Counsel & Corporate Secretary of CTO Realty Growth, files an amended Form 4 to correct previous omissions regarding a stock purchase made in March 2023.

Summary

• Daniel Earl Smith, a Senior Vice President, General Counsel, and Corporate Secretary at CTO Realty Growth, Inc., filed an amended Form 4 with the SEC.
• The filing corrects previous omissions in earlier Form 4 filings regarding a transaction that occurred on March 17, 2023.
• On March 17, 2023, Smith purchased 1,000 shares of CTO Realty Growth common stock at a price of $16 per share.
• Following the reported transaction, Smith directly owns 192,496 shares of common stock.
• Smith also has indirect ownership of 3,000 shares through a Kathyleen R. Smith WFCS Custodian Trad IRA and 3,000 shares through a Kathyleen R. Smith TOD.
• The reporting person disclaims beneficial ownership of any shares of the Issuer's common stock held in this account except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine correction of a previous filing, with no indication of significant positive or negative implications.

Negatives

• The need to amend previous filings indicates an initial error in reporting the transaction.

Risks

• Failure to accurately report transactions can lead to regulatory scrutiny.

Industry Context

Form 4 filings are a routine part of compliance for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the market.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Purchase, CTO Realty Growth, Insider Trading, SEC Filing