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 975 shares of common stock on July 1, 2024, in lieu of his 2nd quarter director retainer fee.

Summary

• On July 1, 2024, Jeffrey Scott Yarckin, a director of Alpine Income Property Trust, acquired 975 shares of common stock.
• The shares were issued in lieu of his 2nd quarter 2024 director retainer fee of $15,000.
• The share price used to calculate the number of shares issued was $15.369, which is the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Yarckin beneficially owns 16,680 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash shows confidence in the company, but the transaction itself is routine.

Positives

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

Industry Context

Directors receiving equity as part of their compensation is a common practice in REITs and other companies to align their interests with those of shareholders.

Related Party Transactions

• The issuance of shares to Jeffrey Scott Yarckin 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 a small number of shares issued as part of regular director compensation.

Key Dates