Form 4: CTO Realty Growth SVP Steven Greathouse Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Steven Robert Greathouse, SVP & Chief Investment Officer of CTO Realty Growth, Inc., reports disposing of shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On January 28, 2025, Steven Robert Greathouse, SVP & Chief Investment Officer of CTO Realty Growth, Inc., filed a Form 4 indicating changes in beneficial ownership.
- A total of 12,249 shares of restricted common stock vested, and a portion of these shares were withheld by the issuer to satisfy Greathouse's tax liability.
- After the transaction, Greathouse beneficially owns 155,279 shares of common stock, which includes 34,911 shares of restricted common stock that vest over time.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Vesting of 12,249 shares of restricted common stock and subsequent share disposal for tax obligations. |
| 01/30/2025 | Date of signature for the Form 4 filing. |
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