Daniel E. Smith - Jan 10, 2023 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
SVP, GEN COUNSEL & CORP SECRET
Signature
/s/ Daniel E. Smith
Stock symbol
CTO
Transactions as of
Jan 10, 2023
Transactions value $
-$65,802
Form type
4
Date filed
1/12/2023, 04:30 PM
Previous filing
Sep 28, 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 +13.5K +10.1% $0.00 147K Jan 10, 2023 Direct F1, F2
transaction CTO Common Stock Tax liability -$65.8K -3.55K -2.42% $18.52 143K Jan 10, 2023 Direct F2, F3
holding CTO Common Stock 1.11K Jan 10, 2023 Kathyleen R. Smith TOD F4
holding CTO Common Stock 3K Jan 10, 2023 Kathyleen R. Smith WFCS Custodian Trad IRA F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 10, 2023, the Issuer issued 13,473 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 February 24, 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.
F2 This amount includes (i) 23,997 shares of restricted common stock which vest over time, which were previously reported, and (ii) 2,397 shares of common stock acquired through the Issuer's dividend reinvestment plan since September 28, 2022 (the date of the Reporting Person's previous Form 4 filing).
F3 On January 10, 2023, the Reporting Person instructed the Issuer to withhold 3,553 of the Issued Shares to satisfy the Reporting Person's payroll tax liability.
F4 The Reporting Person may be regarded as the beneficial owner of the shares of the Issuer's common stock held in this account as a result of a durable power of attorney pursuant to which the Reporting Person has the authority to direct the voting and disposition of such shares. The Reporting Person disclaims beneficial ownership of any shares of the Issuer's common stock held in this account except to the extent of his pecuniary interest therein.