Steven R. Greathouse - Jan 27, 2022 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
SVP & CHIEF INVESTMENT OFFICER
Signature
/s/ Daniel E. Smith, attorney-in-fact for Steven R. Greathouse
Stock symbol
CTO
Transactions as of
Jan 27, 2022
Transactions value $
-$126,126
Form type
4
Date filed
1/31/2022, 08:15 PM
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTO Common Stock Award $0 +5.34K +23.89% $0.00 27.7K Jan 27, 2022 Direct F1, F2
transaction CTO Common Stock Tax liability -$79.2K -1.37K -4.94% $57.80 26.3K Jan 27, 2022 Direct F2, F3
transaction CTO Common Stock Tax liability -$46.9K -810 -3.08% $57.95 25.5K Jan 28, 2022 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 27, 2022, the Issuer issued 5,343 shares of its common stock (the "Issued Shares") to the Reporting Person. The Issued Shares were issued pursuant to a Performance Shares Award Agreement between the Issuer and the Reporting Person dated January 23, 2019, the form of which has been filed as an exhibit to the Issuer's annual report on Form 10-K for the year ended December 31, 2020.
F2 This amount includes 7,048 shares of restricted common stock which vest over time, which were previously reported.
F3 On January 27, 2022, the Reporting Person instructed the Issuer to withhold 1,370 of the Issued Shares to satisfy the Reporting Person's tax liability.
F4 On January 28, 2022, a total of 3,328 shares of restricted common stock of the Issuer previously awarded to the reporting person became vested and unrestricted. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's tax liability.
F5 This amount includes 3,720 shares of restricted common stock which vest over time, which were previously reported.