Form 4: Director Receives Stock for Compensation

Director M. Carson Good received 1,598 shares of common stock valued at $18.766 each as part of his Q1 2026 retainer fee from Alpine Income Property Trust, Inc.

Summary

• M. Carson Good, a Director at Alpine Income Property Trust, Inc. (PINE), acquired 1,598 shares of common stock on April 1, 2026.
• These shares were issued as part of his Q1 2026 quarterly retainer fee.
• The total value of the equity component was approximately $17,500, and the shares were issued in lieu of a $12,500 cash component.
• The shares were valued at $18.766 per share, based on the 20-day trailing average closing price as of the last business day of the calendar quarter.
• Following this transaction, M. Carson Good beneficially owns 26,723 shares of common stock.

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 is being paid, in part, through equity, aligning director interests with shareholders.
• The company has a clear Non-Employee Director Compensation Policy in place, last amended January 30, 2025.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding future financial performance. It primarily reports on a past transaction related to director compensation.

Management Comments

• The shares were issued as the equity component of his Q1 2026 quarterly retainer fee and in lieu of the cash component, pursuant to the Issuer's Non-Employee Director Compensation Policy.
• The share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last business day of the calendar quarter.

Industry Context

StockSavvy.ai notes that the use of equity for director compensation is a common practice in the Real Estate Investment Trust (REIT) sector, including companies like Alpine Income Property Trust, Inc. This practice aims to align the interests of directors with those of shareholders by giving them a direct stake in the company's performance and stock value.

Corporate Governance

Related Party Transactions

• The acquisition of 1,598 shares by Director M. Carson Good as part of his Q1 2026 quarterly retainer fee, as per the Non-Employee Director Compensation Policy.

Stakeholder Impact

• Shareholders: The issuance of stock to directors aligns their interests with shareholders, potentially leading to decisions that benefit long-term stock value.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Director Compensation, Alpine Income Property Trust, PINE, Equity Compensation, Beneficial Ownership