Christopher W. Haga - Oct 1, 2022 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role: Director
Signature: /s/ Daniel E. Smith, attorney-in-fact for Christopher W. Haga
Stock symbol: CTO
Transactions as of: Oct 1, 2022
Transactions value $: $15,618
Form type: 4
Date filed: 10/4/2022, 05:01 PM
Previous filing: Jul 5, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTO	Common Stock	Award	$15.6K	+787	+2.49%	$19.84	32.4K	Oct 1, 2022	Direct	F1, F2
holding	CTO	Common Stock						4.63K	Oct 1, 2022	By the Reporting Person as UGTMA custodian for daughter
holding	CTO	Common Stock						3K	Oct 1, 2022	By the Reporting Person as UGTMA custodian for daughter
holding	CTO	Common Stock						3K	Oct 1, 2022	By the Reporting Person as UGTMA custodian for son

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

Explanation of Responses:

Id	Content
F1	These shares were issued to the Reporting Person in lieu of his 3rd quarter 2022 board retainer fee of $10,000 and committee retainer fees of $5,625 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 $19.8445.
F2	The Form 4 filed by the Reporting Person on July 5, 2022 (the "Prior Form 4") did not correctly reflect the number of shares owned directly by the Reporting Person resulting from the Issuer'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. Box 5 of the Prior Form 4 should have reflected 31,653 shares owned directly by the Reporting Person.

Content

These shares were issued to the Reporting Person in lieu of his 3rd quarter 2022 board retainer fee of $10,000 and committee retainer fees of $5,625 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 $19.8445.

The Form 4 filed by the Reporting Person on July 5, 2022 (the "Prior Form 4") did not correctly reflect the number of shares owned directly by the Reporting Person resulting from the Issuer'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. Box 5 of the Prior Form 4 should have reflected 31,653 shares owned directly by the Reporting Person.