Form 4: CTO Realty Growth Executive Lisa Vorakoun Reports Share Transaction
SEC Form 4 Filing
Lisa Vorakoun, VP & Chief Accounting Officer of CTO Realty Growth, Inc., reports the disposal of 1,755 common stock shares to cover tax obligations following the vesting of restricted stock.
Summary
- On January 28, 2025, Lisa Vorakoun, VP & Chief Accounting Officer of CTO Realty Growth, Inc., reported a transaction involving the company's common stock.
- A total of 5,920 shares of restricted common stock previously awarded to Ms. Vorakoun vested.
- 1,755 shares were withheld by the issuer to satisfy Ms. Vorakoun's tax liability at a price of $19.72 per share.
- Following the transaction, Ms. Vorakoun beneficially owns 34,219 shares, including 15,515 shares of restricted common stock that vest over time.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of transaction: Vesting of restricted common stock and disposal of shares for tax liability. |
| 01/30/2025 | Date of signature for the Form 4 filing. |
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.