Form 4: CTO Realty Growth Executive Lisa Vorakoun Reports Stock Transactions
SEC Form 4
Lisa Vorakoun, SVP & Chief Accounting Officer of CTO Realty Growth, reports acquisition and disposal of company stock related to performance shares and tax obligations.
Summary
- Lisa Vorakoun, SVP & Chief Accounting Officer of CTO Realty Growth, filed a Form 4 detailing changes in beneficial ownership.
- On February 11, 2025, she acquired 4,122 shares of common stock as part of a Performance Shares Award Agreement.
- Also on February 11, 2025, 1,615 shares were withheld to cover payroll tax liability at a price of $20.26 per share.
- On February 12, 2025, she acquired 9,283 restricted shares that vest over three years.
- Following these transactions, Vorakoun beneficially owns 46,009 shares, including 15,515 previously reported restricted shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It reports transactions related to compensation and tax obligations, which are typical corporate activities.
Positives
- The acquisition of performance shares indicates that the executive is meeting performance goals set by the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2021-12-31 | Year end for the Issuer's annual report on Form 10-K, which includes the form of the Performance Shares Award Agreement as an exhibit. |
| 2022-02-17 | Date of the Performance Shares Award Agreement between the Issuer and the Reporting Person. |
| 2025-01-28 | Date from which the restricted shares vest, one-third vesting on each of the first, second, and third anniversaries. |
| 2025-02-11 | Date of the transaction where 4,122 shares of common stock were issued and 1,615 shares were withheld for tax liability. |
| 2025-02-12 | Date of the transaction where 9,283 restricted shares were acquired. |
| 2025-02-13 | Date of signature of the report. |
Keywords
Form 4, Beneficial Ownership, CTO Realty Growth, Stock Transactions, Lisa Vorakoun, Restricted Stock, Performance Shares
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