secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001558370-22-010516
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTO Realty Growth boosts base salaries and grants restricted shares to three executives
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- Base salaries increased: Greathouse and Partridge to $400k (from $367.5k), Smith to $282,857 (from $259,875).
- Individual target bonus raised to 75% of base salary for Greathouse, Partridge, and Smith (formerly 50%).
- Restricted share awards granted: 21,000 shares each to Greathouse and Partridge, 9,000 to Smith, vesting July 1, 2025.
- Amendments to existing RSA/PSA agreements provide for full accelerated vesting on qualifying termination (without cause/good reason).
- All share counts reflect the 3-for-1 stock split effective June 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837022010516/0001558370-22-010516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837022010516/cto-20220628x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010516

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