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

Director Mark Okey Decker Jr. 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, Mark Okey Decker Jr., 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, which is the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Decker directly owns 21,771 shares of Alpine Income Property Trust, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director accepting shares in lieu of cash indicates confidence in the company. The transaction itself is routine and expected.

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.

Comparison to Industry Standards

• Many REITs (Real Estate Investment Trusts) use a combination of cash and equity for director compensation.
• Equity compensation plans are often benchmarked against peer companies to ensure competitiveness.
• The specific amount and structure of equity compensation can vary widely based on company size, performance, and industry norms.
• Companies like Simon Property Group (SPG) and Prologis (PLD) also utilize equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• The company conserves cash by issuing shares instead of paying the retainer fee in cash.

Key Dates