Mays Philip 4

What Happened Philip Mays, SVP, Chief Financial Officer & Treasurer of CTO Realty Growth, Inc. (CTO), was granted 14,965 restricted common shares on 2026-02-11. The grant was reported on a Form 4 filed 2026-02-13 and shows an acquisition at $0.00 per share (a non-cash equity award rather than an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (appears timely).
• Amount: 14,965 restricted shares granted at $0.00 per share (total reported cash value $0).
• Vesting: One-third vests on each of the first, second and third anniversaries of January 28, 2026, contingent on continued employment (Footnote F1).
• Shares owned/subject to vesting: Filing notes the 14,965 newly issued restricted shares plus 8,561 previously reported restricted shares — a total of 23,526 restricted shares referenced in the filing (Footnote F2). The filing does not state a comprehensive total of all common shares owned by the insider.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding sale, or late filing indicated.

Context This was a compensation grant of restricted stock (non-cash award) that vests over three years. Such grants are routine for executives and reflect compensation structure rather than an immediate buy or sell signal; the shares are subject to forfeiture until they vest.