FRANKLIN LAURA M 4
4 · CTO Realty Growth, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
CTO Realty (CTO) Director Laura Franklin Receives 599 Shares
What Happened
Laura M. Franklin, a director of CTO Realty Growth, Inc. (CTO), received 599 shares as an award/compensation on July 1, 2026. The shares were issued in lieu of her Q2 2026 non-employee director retainer; the filing values the shares at $20.83450 each (20-day trailing average), for a total of approximately $12,480. This transaction is an award (code A) — a routine compensation issuance rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; transaction type: Award/Grant (A).
- Shares issued: 599 at $20.83450 per share (20-day trailing average); total value ≈ $12,480.
- Footnote: Shares were issued in lieu of a $12,500 Q2 2026 board retainer per the issuer’s Non‑Employee Director Compensation Policy.
- Footnote: The filing also notes 256.255 shares were acquired through the issuer’s dividend reinvestment plan since the reporting person’s prior Form 4 (Apr 2, 2026).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing date / Period of report: 2026-07-01; no late filing flag indicated.
Context: Director awards issued in lieu of cash retainers are a common form of non-employee compensation and are typically routine. They reflect receipt of equity, not an open‑market purchase or sale; such awards do not by themselves indicate the insider’s market view.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-07-01$20.83/sh+599$12,480→ 63,197 total
Footnotes (2)
- [F1]These shares were issued to the Reporting Person in lieu of her 2nd quarter 2026 board retainer fee of $12,500 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 $20.83450.
- [F2]This amount includes 256.255 shares acquired through the Issuer's dividend reinvestment plan since April 2, 2026 (the date of the Reporting Person's prior Form 4 filing).