0001415889-21-000240.txt : 20210106 0001415889-21-000240.hdr.sgml : 20210106 20210106183023 ACCESSION NUMBER: 0001415889-21-000240 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210104 FILED AS OF DATE: 20210106 DATE AS OF CHANGE: 20210106 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FRANKLIN LAURA M CENTRAL INDEX KEY: 0001165972 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11350 FILM NUMBER: 21512168 MAIL ADDRESS: STREET 1: CONSOLIDATED-TOMOKA LAND CO. STREET 2: PO BOX 10809 CITY: DAYTONA BEACH STATE: FL ZIP: 32120 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CTO Realty Growth, Inc. CENTRAL INDEX KEY: 0000023795 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 590483700 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1140 NORTH WILLIAMSON BLVD., STE. 140 CITY: DAYTONA BEACH STATE: FL ZIP: 32114 BUSINESS PHONE: 386-274-2202 MAIL ADDRESS: STREET 1: PO BOX 10809 CITY: DAYTONA BEACH STATE: FL ZIP: 32120-0809 FORMER COMPANY: FORMER CONFORMED NAME: CTO Realty Growth Inc. DATE OF NAME CHANGE: 20200508 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED TOMOKA LAND CO DATE OF NAME CHANGE: 19920703 4 1 form4-01062021_060113.xml X0306 4 2021-01-04 0000023795 CTO Realty Growth, Inc. CTO 0001165972 FRANKLIN LAURA M P.O. BOX 10809 DAYTONA BEACH FL 32120 true false false false Common Stock 2021-01-04 4 A 0 317 40.9580 A 6660 D These shares were issued to the Reporting Person in lieu of her 4th quarter 2020 retainer fee of $10,000 and meeting fees of $3,000 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 27, 2019. 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 $40.9580. 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 approximately 1,411 shares of the Issuer's common stock. /s/ Daniel E. Smith, attorney-in-fact for Laura M. Franklin 2021-01-06