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

Director Brenna Andrea Wadleigh acquired 1,834 shares of Alpine Income Property Trust, Inc. (PINE) common stock on April 1, 2025, as part of her Q1 2025 retainer fee.

Summary

• On April 1, 2025, Brenna Andrea Wadleigh, a director of Alpine Income Property Trust, Inc. (PINE), acquired 1,834 shares of common stock at a price of $16.356 per share.
• These shares were issued as part of her Q1 2025 quarterly retainer fee, consisting of an equity component valued at approximately $17,500 and in lieu of a $12,500 cash component.
• The share price was calculated using the 20-day trailing average closing price as of the last business day of the calendar quarter, as per the Issuer's Non-Employee Director Compensation Policy.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. There are no overtly positive or negative implications, hence a neutral to slightly positive sentiment.

Industry Context

This filing is a routine disclosure of a director's share acquisition as part of their compensation, which is a common practice in publicly traded companies. It reflects the company's compensation policy for non-employee directors.

Comparison to Industry Standards

• Director compensation in the form of equity is a common practice among publicly traded REITs like Alpine Income Property Trust.
• Companies such as Realty Income (O) and National Retail Properties (NNN) also utilize equity-based compensation for their board members.
• The specific amount and structure of the equity compensation, including the use of a 20-day trailing average closing price, are typical methods for determining the number of shares issued.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine part of director compensation.
• It reinforces the alignment of director interests with those of shareholders through equity ownership.

Key Dates

Keywords

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