January 2, 2025 · Form 4 insider transaction
FRANKLIN LAURA M bought 625 shares of Consolidated-Tomoka Land Co at $19.98 per share, a transaction worth $12.5K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
These shares were issued to the Reporting Person in lieu of her 4th quarter 2024 board retainer fee of $12,500 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 day of the quarter, or $19.98050.; This amount includes 137.376 shares acquired through the Issuer's dividend reinvestment plan since October 2, 2024 (the date of the Reporting Person's prior Form 4 filing).