Form 4: Director Receives Equity as Retainer Fee

Andrew C. Richardson, a Director at Alpine Income Property Trust, Inc., received 881 shares of common stock valued at approximately $17,500 as his Q2 2026 quarterly retainer fee.

Summary

• Andrew C. Richardson, a Director of Alpine Income Property Trust, Inc. (PINE), acquired 881 shares of common stock on July 1, 2026.
• These shares were issued as the equity component of his quarterly retainer fee for the second quarter of 2026.
• The value of this equity component was approximately $17,500.
• The shares were issued at a price of $19.8555 per share, based on the 20-day trailing average closing price as of the last business day of the calendar quarter.
• Following this transaction, Mr. Richardson beneficially owns 10,425 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine director compensation transaction rather than significant financial performance or strategic changes.

Positives

• Director compensation aligns with company stock through equity awards.
• The use of a trailing average stock price for equity grants can provide a more stable valuation basis.
• The transaction reflects the company's established Non-Employee Director Compensation Policy.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that the issuance of equity as a retainer fee for directors is a common practice in the Real Estate Investment Trust (REIT) sector, aligning director incentives with shareholder value.

Corporate Governance

Related Party Transactions

• The acquisition of 881 shares by Director Andrew C. Richardson as part of his quarterly retainer fee is a related party transaction.

Stakeholder Impact

• Shareholders: The issuance of shares dilutes existing ownership slightly, but aligns director compensation with company performance.
• Directors: Andrew C. Richardson's beneficial ownership increases, directly linking his financial interests to the company's stock performance.

Key Dates

Keywords

Form 4, SEC Filing, Insider Transaction, Director Compensation, Equity Award, Alpine Income Property Trust, PINE, Andrew C. Richardson