John P. Albright - Jan 10, 2023 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
PRESIDENT & CEO, Director
Signature
/s/ Daniel E. Smith, attorney-in-fact for John P. Albright
Stock symbol
CTO
Transactions as of
Jan 10, 2023
Transactions value $
-$290,338
Form type
4
Date filed
1/12/2023, 04:30 PM
Previous filing
Feb 18, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTO Common Stock Award $0 +56.4K +12.02% $0.00 526K Jan 10, 2023 Direct F1, F2
transaction CTO Common Stock Tax liability -$290K -15.7K -2.98% $18.52 510K Jan 10, 2023 Direct F2, F3
* 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 56,408 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 50,793 shares of restricted common stock which vest over time, which were previously reported.
F3 On January 10, 2023, the Reporting Person instructed the Issuer to withhold 15,677 of the Issued Shares to satisfy the Reporting Person's payroll tax liability.