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

Director Rachel Elias Wein acquired 975 shares of Alpine Income Property Trust, Inc. (PINE) common stock on July 1, 2024, in lieu of her 2nd quarter director retainer fee.

Summary

• On July 1, 2024, Rachel Elias Wein, a director of Alpine Income Property Trust, Inc. (PINE), acquired 975 shares of common stock.
• The shares were issued in lieu of her 2nd quarter 2024 director retainer fee of $15,000.
• The share price used to calculate the number of shares was $15.3690, which is the 20-day trailing average closing price as of the last day of the quarter.
• Following the transaction, Ms. Wein beneficially owns 10,680 shares of Alpine Income Property Trust, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction related to director compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider transactions, specifically the receipt of shares in lieu of cash compensation, which is a common practice for board members.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares issued as part of director compensation.

Key Dates