Form 4: CTO Realty Growth SVP, General Counsel & Corp Secretary Reports Share Transactions

Daniel Earl Smith, SVP, General Counsel & Corp Secretary of CTO Realty Growth, Inc., reports the withholding of shares to cover tax liabilities following the vesting of restricted stock.

Summary

• On January 28, 2025, Daniel Earl Smith, SVP, General Counsel & Corp Secretary of CTO Realty Growth, Inc., had 10,355 shares of restricted common stock vest.
• 2,840 shares were withheld by the issuer to satisfy Smith's tax liability at a price of $19.72 per share.
• Following the transaction, Smith directly owns 171,992 shares of common stock, including 20,737 shares of restricted common stock that vest over time.
• Smith may be regarded as the beneficial owner of 3,000 shares held in Kathyleen R. Smith TOD and 3,000 shares held in Kathyleen R. Smith WFCS Custodian Trad IRA due to a durable power of attorney, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard procedure related to executive compensation and tax obligations.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is a standard practice for companies to withhold shares to cover tax liabilities upon the vesting of restricted stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously awarded shares and a small reduction in the number of outstanding shares due to tax withholding.
• The vesting of restricted stock is part of the executive compensation plan, aligning management's interests with those of the shareholders.

Key Dates