George R. Brokaw - Apr 1, 2025 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: Apr 1, 2025
Transactions value $: $19,991
Form type: 4
Date filed: 4/1/2025, 06:30 PM
Previous filing: Feb 14, 2025
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	$20K	+1.06K	+1.19%	$18.95	89.7K	Apr 1, 2025	Direct	F1
holding	CTO	Common Stock						3.86K	Apr 1, 2025	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 1st quarter 2025 board retainer fee of $12,500 and committee retainer fees of $7,500 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 business day of the calendar quarter, or $18.94900.
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 1st quarter 2025 board retainer fee of $12,500 and committee retainer fees of $7,500 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 business day of the calendar quarter, or $18.94900.

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