Laura M. Franklin - Jul 1, 2022 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
Director
Signature
/s/ Daniel E. Smith, attorney-in-fact for Laura M. Franklin
Stock symbol
CTO
Transactions as of
Jul 1, 2022
Transactions value $
$9,983
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 $9.98K +489 +1.57% $20.41 31.7K Jul 1, 2022 Direct F1, F2, F3
* 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 her 2nd quarter 2022 board retainer fee of $10,000 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).
F3 The above number includes 31.3570 shares of common stock acquired through the Issuer's dividend reinvestment plan in connection with the Issuer's first quarter 2022 dividend.