Form 4: CTO Realty Growth SVP Smith Acquires Performance Shares
Insider Transaction Report
Daniel Earl Smith, SVP, General Counsel & Corporate Secretary of CTO Realty Growth, Inc., reported the acquisition of 16,997 shares of common stock and the disposition of 7,174 shares for tax withholding.
Summary
- Daniel Earl Smith, SVP, General Counsel & Corporate Secretary, and Director of CTO Realty Growth, Inc. (CTO), reported transactions on January 12, 2026.
- Acquired 16,997 shares of common stock directly, issued pursuant to a Performance Shares Award Agreement dated February 17, 2023.
- Disposed of 7,174 shares of common stock at $18.37 per share to satisfy payroll tax liability related to the acquisition.
- Following these transactions, direct beneficial ownership is 202,124 shares, which includes 22,103 previously reported restricted common stock shares that vest over time.
- Indirect beneficial ownership includes 3,000 shares in a Kathyleen R. Smith TOD account and 3,000 shares in a Kathyleen R. Smith WFCS Custodian Trad IRA account, where Mr. Smith has authority via a durable power of attorney.
Sentiment
Score: 6
Explanation: The filing reports an insider receiving a performance-based stock award, which is generally positive for aligning management and shareholder interests. However, a portion was immediately sold for tax, which is a neutral but common event. The overall sentiment is slightly positive due to the equity award.
Positives
- Management (SVP, General Counsel & Corporate Secretary, Director) received a significant equity award (16,997 shares), aligning interests with shareholders.
Negatives
- A portion of the acquired shares (7,174 shares) was immediately sold to cover tax liabilities, which is a common practice but reduces the net increase in direct ownership.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Increased alignment of management's interests with shareholders due to equity award.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of Performance Shares Award Agreement between Issuer and Reporting Person. |
| 01/12/2026 | Date of common stock acquisition and disposition for tax liability. |
| 01/13/2026 | Signature date of the reporting person on the Form 4. |
Keywords
CTO Realty Growth, CTO, Form 4, Insider Trading, Stock Award, Performance Shares, Daniel Earl Smith, SVP, General Counsel, Corporate Secretary, Director, Equity Compensation
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