CTO director granted 1,108 shares as fees
Haga Christopher W reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Haga Christopher W reported acquisition or exercise transactions in this Form 4 filing.
CTO Realty Growth director Christopher W. Haga received 1,108 shares of common stock as compensation. The shares were issued in lieu of his first quarter 2026 board retainer fee of $12,500 and committee retainer fees of $8,437.50, using a 20-day trailing average closing price of $18.8835 per share under the company’s Non-Employee Director Compensation Policy. Following the grant, he holds 31,045 shares directly. A separate 28,520-share position is held by The Elizabeth Bennett Haga Irrevocable Trust, for which he disclaims beneficial ownership.
Insider Trade Summary
Grant/Award: 1,108 shares
Grant/Award
2 txns
Insider
Haga Christopher W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,108 | $18.8835 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,045 shares (Direct);
Common Stock — 28,520 shares (Indirect, By The Elizabeth Bennett Haga Irrevocable Trust)
Footnotes (2)
- F1. These shares were issued to the Reporting Person in lieu of his 1st quarter 2026 board retainer fee of $12,500 and committee retainer fees of $8,437.50 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 27, 2019 (last amended February 14, 2024). 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 business day of the calendar quarter, or $18.88350.
- F2. The Reporting Person's spouse is both a beneficiary and a trustee of the above-named trust. The Reporting Person disclaims beneficial ownership of the shares of the Issuer's common stock held by said trust, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares of the Issuer's common stock held by said trust for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Director shares granted: 1,108 shares
Grant share price: $18.8835 per share
Board retainer fee: $12,500
+3 more
6 metrics
Director shares granted
1,108 shares
Common stock grant for 1st quarter 2026 board and committee retainers
Grant share price
$18.8835 per share
20-day trailing average closing price used for stock compensation
Board retainer fee
$12,500
First quarter 2026 board retainer paid in shares instead of cash
Committee retainer fees
$8,437.50
First quarter 2026 committee retainers converted into stock
Direct holdings after grant
31,045 shares
Christopher W. Haga’s direct CTO common stock ownership following the award
Indirect trust holdings
28,520 shares
Shares held by The Elizabeth Bennett Haga Irrevocable Trust, disclaimed by Haga
Key Terms
Non-Employee Director Compensation Policy, 20-day trailing average closing price, irrevocable trust, beneficial ownership, +1 more
5 terms
Non-Employee Director Compensation Policy financial
"pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy")"
20-day trailing average closing price financial
"the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price"
irrevocable trust financial
"By The Elizabeth Bennett Haga Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares of the Issuer's common stock held by said trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CTO director Christopher W. Haga report in this Form 4?
Christopher W. Haga reported receiving 1,108 shares of CTO Realty Growth common stock as director compensation. These shares were issued instead of cash board and committee retainers for first quarter 2026, based on the company’s Non-Employee Director Compensation Policy.
What CTO compensation did Christopher W. Haga receive in stock instead of cash?
Christopher W. Haga received CTO shares instead of a $12,500 first quarter 2026 board retainer and $8,437.50 in committee retainer fees. Under the company’s Non-Employee Director Compensation Policy, these cash amounts were converted into 1,108 shares of common stock.
What is the role of The Elizabeth Bennett Haga Irrevocable Trust in CTO holdings?
The Elizabeth Bennett Haga Irrevocable Trust holds 28,520 CTO common shares as an indirect position. Haga’s spouse is a beneficiary and trustee, and Haga disclaims beneficial ownership of these shares, stating the report should not be seen as admitting beneficial ownership for any purpose.
What is CTO Realty Growth’s Non-Employee Director Compensation Policy?
CTO Realty Growth’s Non-Employee Director Compensation Policy allows non-employee directors to receive board and committee retainers in stock. The number of shares is calculated using the 20-day trailing average closing price as of the last business day of each calendar quarter.
AI-generated analysis. How Rhea-AI works. Not financial advice.
