Christopher J. Drew - Jul 1, 2022 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role: Director
Signature: /s/ Daniel E. Smith, attorney-in-fact for Christopher J. Drew
Stock symbol: CTO
Transactions as of: Jul 1, 2022
Transactions value $: $13,065
Form type: 4
Date filed: 7/5/2022, 07:00 PM
Previous filing: Apr 1, 2022
Next filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTO	Common Stock	Award	$13.1K	+640	+28.56%	$20.41	2.88K	Jul 1, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Share amounts reported in this Form 4 reflect the Company's 3-for-1 stock split, which was effected in the form of a stock dividend that was paid on June 30, 2022 to stockholders of record at the close of business on June 27, 2022. The Company's stock began trading at the post-split price on July 1, 2022.
F2	These shares were issued to the Reporting Person in lieu of his 2nd quarter 2022 board retainer fee of $10,000 and committee retainer fees of $3,083.79 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 27, 2019 (last amended February 10, 2021). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last day of the quarter, or $61.243 ($20.414333 factoring in the aforementioned 3-for-1 stock split).

Content

Share amounts reported in this Form 4 reflect the Company's 3-for-1 stock split, which was effected in the form of a stock dividend that was paid on June 30, 2022 to stockholders of record at the close of business on June 27, 2022. The Company's stock began trading at the post-split price on July 1, 2022.

These shares were issued to the Reporting Person in lieu of his 2nd quarter 2022 board retainer fee of $10,000 and committee retainer fees of $3,083.79 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 27, 2019 (last amended February 10, 2021). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last day of the quarter, or $61.243 ($20.414333 factoring in the aforementioned 3-for-1 stock split).