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

Director Rachel Elias Wein acquired 812 shares of Alpine Income Property Trust, Inc. (PINE) common stock in lieu of her 3rd quarter 2024 director retainer fee.

Summary

• On October 1, 2024, Rachel Elias Wein, a director of Alpine Income Property Trust, Inc. (PINE), acquired 812 shares of common stock.
• The shares were issued in lieu of her 3rd quarter 2024 director retainer fee of $15,000.
• The price per share was $18.463, based on the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Ms. Wein directly owns 11,492 shares of PINE.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash compensation can be seen as a positive sign, but the transaction is relatively small and part of a pre-existing compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

Directors receiving shares in lieu of fees is a fairly common practice in REITs and other companies to align director interests with shareholder value.

Comparison to Industry Standards

• Comparing this to other REITs, director compensation packages often include a mix of cash and equity.
• Equity-based compensation is designed to incentivize directors to focus on long-term value creation.
• Companies like Simon Property Group and Public Storage also utilize equity in their director compensation plans.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value.

Key Dates