Form 4: Director Receives CTO Realty Growth Stock for Fees

CTO Realty Growth, Inc. director Christopher J. Drew received shares of common stock in lieu of retainer fees for the second quarter of 2026.

Summary

• Christopher J. Drew, a Director at CTO Realty Growth, Inc., received 779 shares of common stock on July 1, 2026.
• These shares were issued as compensation for his second quarter 2026 board retainer fee of $12,500 and committee retainer fees totaling $3,750.
• The shares were valued at $20.8345 per share, calculated based on the 20-day trailing average closing price as of the last business day of the quarter.
• Following this transaction, Mr. Drew beneficially owns 28,183 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it details a standard director compensation transaction rather than significant financial performance or strategic shifts.

Positives

• Director compensation is being paid in stock, aligning director interests with shareholders.
• The share price used for compensation is based on a trailing average, potentially mitigating short-term market volatility impacts on compensation value.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a director's compensation transaction.

Industry Context

StockSavvy.ai notes that the use of stock for director compensation is a common practice in the Real Estate Investment Trust (REIT) sector, aiming to align executive and director interests with those of shareholders by making their compensation directly tied to the company's stock performance.

Corporate Governance

Related Party Transactions

• Transaction between the issuer (CTO Realty Growth, Inc.) and its director (Christopher J. Drew) for compensation.

Stakeholder Impact

• Shareholders: The issuance of stock for compensation dilutes existing shareholders slightly, but also aligns director incentives with stock performance.
• Directors: Receives compensation in stock, directly benefiting from potential stock appreciation.

Key Dates

Keywords

Form 4, SEC Filing, Director Compensation, Stock Award, CTO Realty Growth, Christopher J. Drew, Retainer Fee, Common Stock