Form 4: Alpine Income Property Trust Director Acquires Shares as Part of Retainer Fee
SEC Form 4
Director M. Carson Good acquired 1,834 shares of Alpine Income Property Trust (PINE) common stock on April 1, 2025, as part of his Q1 2025 retainer fee.
Summary
- On April 1, 2025, M. Carson Good, a director of Alpine Income Property Trust, acquired 1,834 shares of common stock.
- The shares were issued as part of his Q1 2025 quarterly retainer fee.
- The equity component was valued at approximately $17,500.
- The shares were also issued in lieu of the $12,500 cash component of his Q1 2025 quarterly retainer fee.
- The share price used for calculation was $16.356, based on the 20-day trailing average closing price as of the last business day of the quarter.
- Following the transaction, Mr. Good directly owns 19,326 shares of Alpine Income Property Trust.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director accepting shares as part of their compensation indicates confidence in the company's future prospects. It's a routine transaction, but it reflects alignment of interests.
Positives
- The director's acceptance of shares in lieu of cash demonstrates confidence in the company's value.
Industry Context
Directors receiving equity as part of their compensation is a common practice in publicly traded companies, aligning their interests with those of shareholders.
Comparison to Industry Standards
- Comparing Alpine Income Property Trust's director compensation policy to similar REITs like Realty Income (O) or National Retail Properties (NNN) would provide a benchmark for assessing the competitiveness and appropriateness of the compensation structure.
- Reviewing the equity compensation practices of other small-cap REITs can offer insights into industry norms and best practices.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| February 3, 2020 | Date of adoption of the Issuer's Non-Employee Director Compensation Policy |
| January 30, 2025 | Date of last amendment to the Issuer's Non-Employee Director Compensation Policy |
| April 1, 2025 | Date of transaction: M. Carson Good acquired 1,834 shares. |
Keywords
Alpine Income Property Trust, Director, Share Acquisition, Retainer Fee, PINE, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.