Lisa Vorakoun - Jan 10, 2024 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
Jan 10, 2024
Transactions value $
-$39,421
Form type
4
Date filed
1/12/2024, 04:30 PM
Previous filing
Feb 17, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTO Common Stock Award $0 +5.17K +18.71% $0.00 32.8K Jan 10, 2024 Direct F1, F2
transaction CTO Common Stock Tax liability -$39.4K -2.31K -7.03% $17.08 30.5K Jan 10, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective as of January 10, 2024, the Issuer issued 5,171 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 10, 2021, 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, 2020.
F2 This amount includes 20,094 shares of restricted common stock which vest over time, which were previously reported.
F3 On January 10, 2024, the Reporting Person instructed the Issuer to withhold 2,308 of the Issued Shares to satisfy the Reporting Person's payroll tax liability.