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

Role
SVP, GEN COUNSEL & CORP SECRET
Signature
/s/ Daniel E. Smith
Issuer symbol
CTO
Transactions as of
10 Jan 2023
Net transactions value
-$65,802
Form type
4
Filing time
12 Jan 2023, 16:30:22 UTC
Previous filing
28 Sep 2022
Next filing
07 Apr 2023
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 $0 +13,473 +10% $0.000000 146,861 10 Jan 2023 Direct F1, F2
transaction CTO Common Stock Tax liability $65,802 -3,553 -2.4% $18.52 143,308 10 Jan 2023 Direct F2, F3
holding CTO Common Stock 1,110 10 Jan 2023 Kathyleen R. Smith TOD F4
holding CTO Common Stock 3,000 10 Jan 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.