Drew Christopher J 4

What Happened
Drew Christopher, a director of CTO Realty Growth, Inc. (CTO), was issued 860 shares on 2026-04-01 as an award/acquisition under the company's Non-Employee Director Compensation Policy. The shares were valued using a 20‑day trailing average price of $18.88350, resulting in a total value of approximately $16,240. This issuance was in lieu of cash retainer fees for Q1 2026 (board retainer $12,500 plus committee retainers $3,750).

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (filed timely).
• Transaction type/code: Award/Acquisition (A).
• Shares issued: 860 at a calculated price of $18.88350 per share (total ≈ $16,240).
• Reason: Issued in lieu of Q1 2026 non-employee director board and committee retainer fees per the Policy.
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Notable footnote: Price based on 20‑day trailing average as of the last business day of the quarter; Policy adopted Feb 27, 2019 (last amended Feb 14, 2024). No tax-withholding or other adjustments were reported in the supplied footnote.

Context
This was a compensation issuance to a non-employee director rather than an open-market buy or sale. Such stock awards are routine for director pay and do not necessarily signal the director's view of the company's short-term prospects. Purchases or sales by insiders are typically more informative about sentiment than awards issued as compensation.