Andrew C. Richardson - Jan 2, 2024 Form 4 Insider Report for Alpine Income Property Trust, Inc. (PINE)

Role: Director
Signature: /s/ Daniel E. Smith, attorney-in-fact for Andrew C. Richardson
Stock symbol: PINE
Transactions as of: Jan 2, 2024
Transactions value $: $19,483
Form type: 4
Date filed: 1/4/2024, 04:05 PM
Previous filing: Oct 2, 2023
Next filing: Apr 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINE	Common Stock, par value $0.01 per share	Award	$19.5K	+1.15K	+6.57%	$17.02	18.6K	Jan 2, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were issued to the Reporting Person in lieu of his 4th quarter 2023 director retainer fee of $15,000 and 4th quarter 2023 chairman fee of $2,500 pursuant to the Issuer's non-employee director compensation policy (the "Policy"). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last day of the quarter, or $17.01600.

Content

These shares were issued to the Reporting Person in lieu of his 4th quarter 2023 director retainer fee of $15,000 and 4th quarter 2023 chairman fee of $2,500 pursuant to the Issuer's non-employee director compensation policy (the "Policy"). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last day of the quarter, or $17.01600.