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 968 shares of common stock in lieu of his first quarter 2024 director retainer fee.

Summary

• On April 1, 2024, Jeffrey Scott Yarckin, a director of Alpine Income Property Trust, acquired 968 shares of common stock.
• The shares were issued in lieu of his 1st quarter 2024 director retainer fee of $15,000.
• The share price used to calculate the number of shares issued was $15.4815, which is the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Yarckin beneficially owns 15,705 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 indicates 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 publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard compensation practice.

Key Dates