George R. Brokaw - Oct 2, 2023 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role: Director
Signature: /s/ Daniel E. Smith, attorney-in-fact for George R. Brokaw
Stock symbol: CTO
Transactions as of: Oct 2, 2023
Transactions value $: $15,000
Form type: 4
Date filed: 10/2/2023, 06:30 PM
Previous filing: Jul 3, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTO	Common Stock	Award	$15K	+899	+1.19%	$16.69	76.5K	Oct 2, 2023	Direct	F1
holding	CTO	Common Stock						3.86K	Oct 2, 2023	Babette Brokaw Revocable Trust	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 his 3rd quarter 2023 board retainer fee of $10,000 and committee retainer fees of $5,000 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 $16.68500.
F2	These securities are held directly by the above-named trust, of which the Reporting Person is a beneficiary and trustee.

Content

These shares were issued to the Reporting Person in lieu of his 3rd quarter 2023 board retainer fee of $10,000 and committee retainer fees of $5,000 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 $16.68500.

These securities are held directly by the above-named trust, of which the Reporting Person is a beneficiary and trustee.