Form 4: Alpine Income Property Trust Director Acquires Shares in Lieu of Retainer Fee

Jeffrey Scott Yarckin, a director of Alpine Income Property Trust, acquired 812 shares of common stock in lieu of his 3rd quarter 2024 director retainer fee.

Summary

• On October 1, 2024, Jeffrey Scott Yarckin, a director of Alpine Income Property Trust, acquired 812 shares of the company's common stock.
• The shares were issued in lieu of his 3rd quarter 2024 director retainer fee of $15,000.
• The price per share was $18.463, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Yarckin directly owns 17,492 shares of Alpine Income Property Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director accepting shares in lieu of cash suggests confidence in the company's prospects, but it's a routine transaction.

Positives

• The director's acceptance of shares in lieu of cash compensation demonstrates confidence in the company's value.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in REITs and other publicly traded companies.

Comparison to Industry Standards

• Director compensation packages vary across the REIT industry, but equity-based compensation is a common component.
• Comparing Alpine Income Property Trust's director compensation structure to peers like Agree Realty Corporation (ADC) or Realty Income Corporation (O) would provide further context.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates