Christopher W. Haga - 01 Jul 2024 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
Director
Signature
/s/ Daniel E. Smith, attorney-in-fact for Christopher W. Haga
Issuer symbol
CTO
Transactions as of
01 Jul 2024
Net transactions value
+$20,926
Form type
4
Filing time
02 Jul 2024, 17:30:19 UTC
Previous filing
03 Apr 2024
Next filing
30 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTO Common Stock Award $20,926 +1,192 +2.7% $17.56 44,988 01 Jul 2024 Direct F1
holding CTO Common Stock 3,000 01 Jul 2024 By the Reporting Person as UGTMA custodian for daughter
holding CTO Common Stock 3,000 01 Jul 2024 By the Reporting Person as UGTMA custodian for son
* 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 2nd quarter 2024 board retainer fee of $12,500 and committee retainer fees of $8,437.50 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 14, 2024). 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 $17.55550.

Remarks:

In addition to the share ownership disclosed herein, prior Form 4 filings by the Reporting Person disclosed 4,629 shares indirectly beneficially owned by the Reporting Person as UGTMA custodian for daughter. This UGTMA account has been transferred to the account beneficiary (now an adult) who is not a member of the Reporting Person's household, and as a result any shares held in such account are no longer beneficially owned by the Reporting Person.