CTO Realty (NYSE: CTO) CEO granted shares, withholds for taxes
Rhea-AI Filing Summary
CTO Realty Growth, Inc. reported an insider equity transaction by its President and CEO, John P. Albright, who is also a director. On January 12, 2026, he received 59,163 shares of common stock at a price of $0, issued under a Performance Shares Award Agreement dated February 17, 2023. On the same date, he instructed the company to withhold 23,702 of these shares at $18.37 per share to cover his payroll tax liability, a common method of satisfying tax obligations on stock awards without using cash.
After these transactions, Albright directly beneficially owned 670,008 shares of common stock, which includes 62,410 shares of restricted stock that vest over time, and indirectly held 355 shares through the Shanna E. Albright Rollover IRA. This filing documents changes in his ownership rather than any cash sale into the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59,163 | $0.00 | -- |
| Tax Withholding | Common Stock | 23,702 | $18.37 | $435K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On January 12, 2026, the Issuer issued 59,163 shares of its common stock (the "Issued Shares") to the Reporting Person. The Issued Shares were issued pursuant to a Performance Shares Award Agreement between the Issuer and the Reporting Person dated February 17, 2023, the form of which has been filed as an exhibit to the Issuer's annual report on Form 10-K for the year ended December 31, 2022. This amount includes 62,410 shares of restricted common stock which vest over time, which were previously reported. On January 12, 2026, the Reporting Person instructed the Issuer to withhold 23,702 of the Issued Shares to satisfy the Reporting Person's payroll tax liability.
FAQ
What insider transaction did CTO (CTO) report for its CEO?
CTO Realty Growth, Inc. reported that President and CEO John P. Albright received 59,163 shares of common stock on January 12, 2026 under a Performance Shares Award Agreement.
Does the CTO (CTO) CEO hold restricted stock as part of this Form 4 filing?
Yes. The filing notes that the reported holdings include 62,410 shares of restricted common stock that vest over time and were previously reported.