Andrew C. Richardson - Jul 1, 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: Jul 1, 2024
Transactions value $: $19,488
Form type: 4
Date filed: 7/2/2024, 06:00 PM
Previous 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	+1.27K	+6.4%	$15.37	21.1K	Jul 1, 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 2nd quarter 2024 director retainer fee of $15,000 and his 2nd quarter 2024 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 $15.3690.

Content

These shares were issued to the Reporting Person in lieu of his 2nd quarter 2024 director retainer fee of $15,000 and his 2nd quarter 2024 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 $15.3690.