Drew Christopher J 4

What Happened
Drew Christopher, a director of CTO Realty Growth, Inc. (CTO), was issued 3,462 shares on February 11, 2026 as his annual non-employee director award. The filing shows the shares were valued at $18.05 each (20-day trailing average as of Feb 5, 2026), for a total reported value of $62,489. This was an award/grant (transaction code A), an acquisition of shares as compensation rather than a market purchase.

Key Details

• Transaction date: 2026-02-11; Filing date: 2026-02-13 (Form 4) — filing appears timely.
• Shares issued: 3,462 at $18.05 per share; reported value $62,489.
• Award basis: Issued as the $62,500 "Annual Award" under the company’s Non-Employee Director Compensation Policy; share price used was the 20-day trailing average ($18.05) as of Feb 5, 2026 (footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant. No indication of a 10b5-1 plan, tax withholding, or cashless sale in the filing.

Context: This is routine director compensation—shares were issued under the board-approved policy and reflect an award rather than an insider market purchase or sale. Such awards are common for non-employee directors and do not, by themselves, indicate a change in the insider’s view of the company.