Lisa Vorakoun - Jul 1, 2022 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
VP & CHIEF ACCOUNTING OFFICER
Signature
/s/ Daniel E. Smith, attorney-in-fact for Lisa M. Vorakoun
Stock symbol
CTO
Transactions as of
Jul 1, 2022
Transactions value $
-$25,428
Form type
4
Date filed
1/12/2023, 04:30 PM
Previous filing
May 9, 2022
Next filing
Apr 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTO Common Stock Award $0 +9K +82.49% $0.00 19.9K Jul 1, 2022 Direct F1, F2, F3
transaction CTO Common Stock Award $0 +4.63K +23.26% $0.00 24.5K Jan 10, 2023 Direct F2, F3, F4
transaction CTO Common Stock Tax liability -$25.4K -1.37K -5.59% $18.52 23.2K Jan 10, 2023 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares which vest on the third anniversary of July 1, 2022, provided that the reporting person is an employee of the Issuer on such date.
F2 This amount includes the 9,000 restricted shares reported herein, as well as 10,440 additional shares of restricted common stock which vest over time which were previously reported.
F3 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.
F4 Effective as of January 10, 2023, the Issuer issued 4,631 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 October 1, 2020, 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, 2019.
F5 On January 10, 2023, the Reporting Person instructed the Issuer to withhold 1,373 of the Issued Shares to satisfy the Reporting Person's payroll tax liability.