Drew Christopher J 4

What Happened

• Drew Christopher, a director of CTO Realty Growth, Inc. (CTO), was issued 779 shares on July 1, 2026 as an award/compensation (transaction code A).
• The shares were valued using a 20-day trailing average closing price of $20.83450, producing an aggregate value of approximately $16,230. This issuance was made in lieu of his 2nd quarter 2026 board retainer ($12,500) and committee retainer fees ($3,750).

Key Details

• Transaction date: 2026-07-01; transaction type: Award/Grant (A).
• Price used to calculate shares: $20.83450 (20-day trailing average).
• Shares issued: 779; total value: ~$16,230.
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares were issued under the Issuer's Non-Employee Director Compensation Policy (adopted Feb 27, 2019; last amended Feb 14, 2024) in lieu of cash retainers (see F1).
• Filing timeliness: Reported on 2026-07-01 (same day of record), no late filing indicated.

Context

• This was a routine compensation issuance to a non-employee director rather than an open-market purchase or sale. Such in-lieu equity awards are common to conserve cash and align directors with shareholder interests; they do not by themselves indicate insider trading sentiment.