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

Director M. Carson Good acquired 812 shares of Alpine Income Property Trust, Inc. (PINE) common stock in lieu of his 3rd quarter 2024 director retainer fee.

Summary

• On October 1, 2024, M. Carson Good, a director of Alpine Income Property Trust, Inc. (PINE), acquired 812 shares of 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, Good directly owns 17,492 shares of Alpine Income Property Trust, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash indicates confidence in the company's prospects.

Positives

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

Industry Context

Directors receiving equity in lieu of cash compensation is a common practice in REITs and other companies to align management interests with those of shareholders.

Related Party Transactions

• The issuance of shares to M. Carson Good in lieu of his director retainer fee is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is part of the standard director compensation.

Key Dates