Form 4: Alpine Income Property Trust Director Acquires Shares as Part of Quarterly Retainer

Director Andrew C. Richardson acquired 1,069 shares of Alpine Income Property Trust as part of his Q1 2025 quarterly retainer fee.

Summary

• On April 1, 2025, Andrew C. Richardson, a director of Alpine Income Property Trust, acquired 1,069 shares of common stock.
• The shares were issued as the equity component of his Q1 2025 quarterly retainer fee, valued at approximately $17,500.
• The price per share was calculated using the 20-day trailing average closing price as of the last business day of the calendar quarter, which was $16.356.
• Following the transaction, Richardson directly owns 17,812 shares of Alpine Income Property Trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance and alignment of interests. It's a neutral to slightly positive signal.

Industry Context

This type of equity compensation is common for directors of publicly traded REITs like Alpine Income Property Trust, aligning their interests with shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice among publicly traded REITs.
• Comparing Alpine Income Property Trust's director compensation policy with peers like Agree Realty Corporation (ADC) or National Retail Properties (NNN) would provide a benchmark for the value and structure of the equity component.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Alpine Income Property Trust, Director, Share Acquisition, Form 4, PINE, Richardson, Equity Compensation, Retainer Fee