Form 4: CTO Realty Growth Executive Disposes of Shares in Recent Transaction

Daniel Earl Smith, SVP, General Counsel & Corporate Secretary of CTO Realty Growth, disposed of 836 common shares and reported indirect ownership of 6,000 shares through a family trust and IRA.

Summary

• Daniel Earl Smith, a Senior Vice President, General Counsel, and Corporate Secretary at CTO Realty Growth, Inc., reported a transaction involving the company's common stock.
• On November 29, 2024, Mr. Smith disposed of 836 shares of common stock at a price of $0, which likely indicates a transfer or gift.
• Following the transaction, Mr. Smith directly owns 174,832 shares, which includes 31,092 shares of restricted stock that vest over time.
• Mr. Smith also reported indirect ownership of 3,000 shares held in a trust and 3,000 shares held in an IRA, both under the name of Kathyleen R. Smith.
• Mr. Smith disclaims beneficial ownership of the shares held in the trust and IRA except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock transaction by an executive. It does not inherently indicate positive or negative sentiment.

Management Comments

• 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.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting of both direct and indirect ownership is consistent with SEC regulations.
• The level of detail provided, including the number of shares and transaction dates, is typical for these filings.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the stock transactions of company executives.
• The transaction itself is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

CTO Realty Growth, insider trading, beneficial ownership, Form 4, stock transaction, executive, common stock, restricted stock, indirect ownership