FRANKLIN LAURA M 4

What Happened

• Laura M. Franklin, a director of CTO Realty Growth, Inc. (CTO), was issued 661 shares on 2026-04-01 as an award/acquisition under the company's non-employee director compensation policy. The shares were valued at $18.88 each for a total of about $12,482. This issuance was in lieu of her Q1 2026 board retainer fee.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (appears timely).
• Shares issued: 661 shares at $18.88 per share; total value ≈ $12,482.
• Price basis: the number of shares was calculated using the 20-day trailing average closing price as of the last business day of the quarter ($18.88350).
• Holdings note: the filing states the reporting person's holdings include 294.765 shares acquired via the issuer's dividend reinvestment plan since her prior Form 4 (Feb 13, 2026). The filing did not disclose the total shares owned after this transaction in the provided data.
• Transaction code: A (award/acquisition) — compensatory issuance, not an open-market purchase.

Context

• These shares were issued as director compensation (a routine non-cash award under the company's compensation policy) rather than an open-market buy or sale. Such awards are standard for non-employee directors and do not necessarily signal a personal buy/sell decision.
• The amount is modest (~$12.5k) relative to executive insider trades; dividend reinvestment noted in the filing can gradually increase an insider's stake over time.