Laura M. Franklin - Jan 3, 2023 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: Jan 3, 2023
Transactions value $: $9,985
Form type: 4
Date filed: 1/4/2023, 03:15 PM
Previous filing: Dec 5, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTO	Common Stock	Award	$9.99K	+538	+1.39%	$18.56	39.4K	Jan 3, 2023	Direct	F1, F2

* 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 her 4th 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 $18.56000.
F2	This amount includes 125.5 shares of common stock acquired through the Issuer's dividend reinvestment plan in connection with the Issuer's dividends paid on December 30, 2022.

Content

These shares were issued to the Reporting Person in lieu of her 4th 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 $18.56000.

This amount includes 125.5 shares of common stock acquired through the Issuer's dividend reinvestment plan in connection with the Issuer's dividends paid on December 30, 2022.