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

Director M. Carson Good acquired 968 shares of Alpine Income Property Trust, Inc. (PINE) common stock on April 1, 2024, in lieu of his first quarter director retainer fee.

Summary

• On April 1, 2024, M. Carson Good, a director of Alpine Income Property Trust, Inc. (PINE), acquired 968 shares of common stock.
• The shares were issued in lieu of his first quarter 2024 director retainer fee of $15,000.
• The share price used to calculate the number of shares was $15.4815, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Mr. Good beneficially owns 15,705 shares of Alpine Income Property Trust, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications for the company.

Positives

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

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 structures vary across the REIT industry.
• Some companies provide a mix of cash and equity, while others rely more heavily on one form of compensation.
• The specific terms of director compensation are typically disclosed in the company's proxy statement.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates