STOCK TITAN

[Form 4] Alpine Income Property Trust, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Brenna A. Wadleigh, a director of Alpine Income Property Trust, Inc. (PINE), reported an insider purchase on 10/01/2025. She acquired 2,044 shares of the issuer's common stock at a per-share price of $14.6725, increasing her beneficial ownership to 6,376 shares. The filing explains the shares were issued under the company's Non-Employee Director Compensation Policy as the equity portion of her Q3 2025 quarterly retainer (approximately $17,500) and in lieu of the cash portion of the retainer of $12,500, with the share count calculated using the 20-day trailing average closing price as of the last business day of the quarter ($14.67250).

Brenna A. Wadleigh, una direttrice di Alpine Income Property Trust, Inc. (PINE), ha riferito un acquisto da insider il 10/01/2025. Ha acquisito 2.044 azioni ordinarie dell’emittente a un prezzo per azione di $14.6725, aumentando la sua proprietà benefica a 6.376 azioni. La dichiarazione spiega che le azioni sono state emesse ai sensi della politica di compensazione per i direttori non dipendenti della società come parte della quota azionaria del suo compenso trimestrale Q3 2025 (circa $17.500) e in luogo della parte in contanti del compenso trimestrale di $12.500, con il conteggio delle azioni calcolato utilizzando la media mobile dei prezzi di chiusura degli ultimi 20 giorni al ultimo giorno lavorativo del trimestre ($14.67250).

Brenna A. Wadleigh, una directora de Alpine Income Property Trust, Inc. (PINE), informó de una compra por parte de un insider el 01/10/2025. Adquirió 2.044 acciones comunes del emisor a un precio por acción de $14.6725, aumentando su propiedad beneficiosa a 6.376 acciones. La presentación explica que las acciones fueron emitidas bajo la Política de Compensación para Directores No Empleados de la empresa como la porción de acciones de su retribución trimestral del tercer trimestre de 2025 (aproximadamente $17.500) y en lugar de la porción en efectivo de la retribución de $12.500, contando las acciones calculadas usando la media de cierre de los últimos 20 días al último día hábil del trimestre ($14.67250).

Brenna A. Wadleigh은 Alpine Income Property Trust, Inc. (PINE)의 이사로서 내부자 매입을 2025-10-01에 보고했습니다. 그녀는 발행사의 보통주를 주당 $14.67252,044주 취득하여 유익한 소유 지분을 6,376주로 늘렸습니다. 제출 서류는 이 주식이 회사의 비상근 이사 보상 정책에 따라 2025년 3분기 분기의 주식 부분 보상으로 발행되었으며(대략 $17,500), 현금 보상 부분인 $12,500를 대신하는 것이라고 설명합니다. 주식 수는 분기의 마지막 영업일 기준 20일 동안의 종가 평균을 사용해 계산되었고($14.67250).

Brenna A. Wadleigh, directrice d’Alpine Income Property Trust, Inc. (PINE), a signalé un achat par un initié le 01/10/2025. Elle a acquis 2 044 actions ordinaires de l’émetteur à un prix par action de $14.6725, portant sa détention bénéficiaire à 6 376 actions. Le document précise que les actions ont été émises dans le cadre de la Politique de compensation des administrateurs non employés de la société comme partie de la composante actions de sa rémunération trimestrielle du 3e trimestre 2025 (environ $17 500) et en lieu et place de la partie en espèces de la rémunération trimestrielle de $12 500, le calcul du nombre d’actions s’étant effectué en utilisant la moyenne des cours de clôture sur 20 jours à la dernière journée ouvrable du trimestre ($14.67250).

Brenna A. Wadleigh, Direktorin von Alpine Income Property Trust, Inc. (PINE), meldete am 01.10.2025 einen Insider-Kauf. Sie erwarb 2.044 Stammaktien des Emittenten zu einem Kurs von $14.6725 pro Aktie und erhöhte damit ihre beherrschende Beteiligung auf 6.376 Aktien. Die Einreichung erläutert, dass die Aktien gemäß der Politik zur Vergütung von nicht beschäftigten Direktoren des Unternehmens als Aktienkomponente ihres Quartalsbeitrags Q3 2025 (ca. $17.500) ausgegeben wurden und anstelle des Barauszahlungsanteils der Vergütung von $12.500, wobei die Aktienanzahl unter Verwendung des 20-Tage-Durchschnitts des Schlusskurses bis zum letzten Geschäftstag des Quartals berechnet wurde ($14.67250).

بريمة أ. وادليغ، مديرة في Alpine Income Property Trust, Inc. (PINE), أبلغت عن شراء من داخل الشركة في 01/10/2025. اشترت 2,044 سهماً عادياً للإصدار بسعر سهم قدره $14.6725، مما رفع ملكيتها المفيدة إلى 6,376 سهم. تشرح الإفصاح أن الأسهم صدرت بموجب سياسة تعويض المديرين غير الموظفين في الشركة كجزء من الحصة الأسهم من تعويضها الفصلي للربع الثالث من 2025 (حوالي $17,500) وبديلاً عن الجزء النقدي من التعويض البالغ $12,500، مع احتساب عدد الأسهم باستخدام متوسط الإغلاق لمدة 20 يوماً حتى آخر يوم عمل من الربع ($14.67250).

Brenna A. Wadleigh,董事,为 Alpine Income Property Trust, Inc.(PINE)的内部交易者,于2025/10/01报告了一次内部人买入。她以每股$14.6725的价格购买了2,044股发行人的普通股,使其实际控制自身权益增加到6,376股。文件解释说,这些股票是根据公司非雇员董事薪酬政策发行,作为她2025年第三季度季度保留金的股票部分(大约$17,500),并替代季度薪酬中的现金部分$12,500,股票数量是按本季度最后一个工作日的20日收盘价移动平均进行计算的($14.67250)。

Positive
  • Director acquisition of 2,044 shares increases insider alignment with shareholders
  • Compensation issued via policy using a 20-day trailing average price provides transparent valuation
Negative
  • None.

Insights

Director received equity compensation equal to about $17,500 and elected shares in lieu of $12,500 cash.

This Form 4 shows a routine, policy-driven equity issuance to Brenna A. Wadleigh on 10/01/2025. The shares were issued under the issuer's Non-Employee Director Compensation Policy using the 20-day trailing average price of $14.67250, which is a standard method to set award amounts.

Because this transaction is compensation-related rather than an open-market purchase, it primarily reflects company pay practices and not an independent buy signal from the director.

Brenna A. Wadleigh, una direttrice di Alpine Income Property Trust, Inc. (PINE), ha riferito un acquisto da insider il 10/01/2025. Ha acquisito 2.044 azioni ordinarie dell’emittente a un prezzo per azione di $14.6725, aumentando la sua proprietà benefica a 6.376 azioni. La dichiarazione spiega che le azioni sono state emesse ai sensi della politica di compensazione per i direttori non dipendenti della società come parte della quota azionaria del suo compenso trimestrale Q3 2025 (circa $17.500) e in luogo della parte in contanti del compenso trimestrale di $12.500, con il conteggio delle azioni calcolato utilizzando la media mobile dei prezzi di chiusura degli ultimi 20 giorni al ultimo giorno lavorativo del trimestre ($14.67250).

Brenna A. Wadleigh, una directora de Alpine Income Property Trust, Inc. (PINE), informó de una compra por parte de un insider el 01/10/2025. Adquirió 2.044 acciones comunes del emisor a un precio por acción de $14.6725, aumentando su propiedad beneficiosa a 6.376 acciones. La presentación explica que las acciones fueron emitidas bajo la Política de Compensación para Directores No Empleados de la empresa como la porción de acciones de su retribución trimestral del tercer trimestre de 2025 (aproximadamente $17.500) y en lugar de la porción en efectivo de la retribución de $12.500, contando las acciones calculadas usando la media de cierre de los últimos 20 días al último día hábil del trimestre ($14.67250).

Brenna A. Wadleigh은 Alpine Income Property Trust, Inc. (PINE)의 이사로서 내부자 매입을 2025-10-01에 보고했습니다. 그녀는 발행사의 보통주를 주당 $14.67252,044주 취득하여 유익한 소유 지분을 6,376주로 늘렸습니다. 제출 서류는 이 주식이 회사의 비상근 이사 보상 정책에 따라 2025년 3분기 분기의 주식 부분 보상으로 발행되었으며(대략 $17,500), 현금 보상 부분인 $12,500를 대신하는 것이라고 설명합니다. 주식 수는 분기의 마지막 영업일 기준 20일 동안의 종가 평균을 사용해 계산되었고($14.67250).

Brenna A. Wadleigh, directrice d’Alpine Income Property Trust, Inc. (PINE), a signalé un achat par un initié le 01/10/2025. Elle a acquis 2 044 actions ordinaires de l’émetteur à un prix par action de $14.6725, portant sa détention bénéficiaire à 6 376 actions. Le document précise que les actions ont été émises dans le cadre de la Politique de compensation des administrateurs non employés de la société comme partie de la composante actions de sa rémunération trimestrielle du 3e trimestre 2025 (environ $17 500) et en lieu et place de la partie en espèces de la rémunération trimestrielle de $12 500, le calcul du nombre d’actions s’étant effectué en utilisant la moyenne des cours de clôture sur 20 jours à la dernière journée ouvrable du trimestre ($14.67250).

Brenna A. Wadleigh, Direktorin von Alpine Income Property Trust, Inc. (PINE), meldete am 01.10.2025 einen Insider-Kauf. Sie erwarb 2.044 Stammaktien des Emittenten zu einem Kurs von $14.6725 pro Aktie und erhöhte damit ihre beherrschende Beteiligung auf 6.376 Aktien. Die Einreichung erläutert, dass die Aktien gemäß der Politik zur Vergütung von nicht beschäftigten Direktoren des Unternehmens als Aktienkomponente ihres Quartalsbeitrags Q3 2025 (ca. $17.500) ausgegeben wurden und anstelle des Barauszahlungsanteils der Vergütung von $12.500, wobei die Aktienanzahl unter Verwendung des 20-Tage-Durchschnitts des Schlusskurses bis zum letzten Geschäftstag des Quartals berechnet wurde ($14.67250).

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Wadleigh Brenna Andrea

(Last) (First) (Middle)
1140 N. WILLIAMSON BLVD.
SUITE 140

(Street)
DAYTONA BEACH FL 32114

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Alpine Income Property Trust, Inc. [ PINE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 10/01/2025 A 2,044 A $14.6725(1) 6,376 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares were issued to the Reporting Person as (i) the equity component of her Q3 2025 quarterly retainer fee (the value of such component being approximately $17,500) and (ii) in lieu of the cash component of her Q3 2025 quarterly retainer fee of $12,500, pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 3, 2020 (last amended January 30, 2025). 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 business day of the calendar quarter, or $14.67250.
/s/ Daniel E. Smith, attorney-in-fact for Brenna A. Wadleigh 10/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PINE director Brenna A. Wadleigh acquire on 10/01/2025?

She acquired 2,044 shares of Alpine Income Property Trust common stock at $14.6725 per share.

Why were the shares issued to Brenna A. Wadleigh?

The shares were issued as the equity component of her Q3 2025 quarterly retainer (approx. $17,500) and in lieu of the cash retainer of $12,500, under the company's Non-Employee Director Compensation Policy.

How many shares does Ms. Wadleigh beneficially own after the transaction?

She beneficially owns 6,376 shares following the reported transaction.

What valuation method was used to calculate the number of shares issued?

The issuer used the 20-day trailing average closing price as of the last business day of the quarter, referenced as $14.67250.
Alpine Income Property Trust, Inc.

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