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