4//SEC Filing
Serkin Howard C 4
Accession 0001415889-21-001838
CIK 0000023795other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 6:00 PM ET
Size
6.2 KB
Accession
0001415889-21-001838
Insider Transaction Report
Form 4
Serkin Howard C
Director
Transactions
- Award
Common Stock
2021-04-01$53.29/sh+281$14,974→ 12,152 total
Footnotes (2)
- [F1]These shares were issued to the Reporting Person in lieu of his 1st quarter 2021 board retainer fee of $10,000 and committee retainer fees of $5,000 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 10, 2021). 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 $53.29.
- [F2]On November 10, 2020, the Issuer's Board of Directors declared a special distribution on its shares of common stock in an aggregate amount of $55.8 million (the "Special Distribution"). The Special Distribution was paid on December 21, 2020 (in a combination of cash and shares of the Issuer's common stock), to shareholders of record as of the close of business on November 19, 2020. As a result of the Special Distribution, the Reporting Person received 2,080 shares of the Issuer's common stock. In a footnote in the Reporting Person's Form 4 filed on January 6, 2021, the Reporting Person reported the receipt of approximately 2,482 shares of the Issuer's common stock as a result of the Special Distribution. This Form 4 reflects that the actual number of shares received by the Reporting Person as a result of the Special Distribution was 2,080.
Documents
Issuer
CTO Realty Growth, Inc.
CIK 0000023795
Entity typeother
Related Parties
1- filerCIK 0001511874
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 6:00 PM ET
- Size
- 6.2 KB