Form 4: Alpine Income Property Trust Director Acquires Shares in Lieu of Retainer Fee
SEC Form 4 Filing
Mark Okey Decker Jr., a director of Alpine Income Property Trust, acquired 812 shares of common stock in lieu of his 3rd quarter 2024 director retainer fee.
Summary
- Mark Okey Decker Jr., a director at Alpine Income Property Trust, acquired 812 shares of common stock on October 1, 2024.
- The shares were issued in lieu of his 3rd quarter 2024 director retainer fee of $15,000.
- The share price used for the calculation was $18.463, based on the 20-day trailing average closing price as of the last day of the quarter, according to the Issuer's non-employee director compensation policy.
- Following the transaction, Decker directly owns 25,558 shares of Alpine Income Property Trust.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment as it indicates alignment of interests between the director and shareholders.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Future Outlook
No forward-looking statements are provided in this document.
Industry Context
This is a routine disclosure related to director compensation and share ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Director acquired shares in lieu of retainer fee. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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