Richardson Andrew C 4

What Happened

• Andrew C. Richardson, a director of Alpine Income Property Trust (PINE), was issued 881 shares as the equity component of his Q2 2026 quarterly retainer. The shares were recorded at $19.86 per share (total reported value $17,493). The issuer used a 20-day trailing average closing price of $19.85550 to calculate the number of shares granted under the company’s Non‑Employee Director Compensation Policy.

Key Details

• Transaction date: 2026-07-01
• Transaction type: Award / acquisition of shares (code A)
• Shares issued: 881
• Price used for calculation: $19.86 per share (20-day trailing average $19.85550)
• Reported value: $17,493 (approx. $17,500 as noted in footnote)
• Shares owned after transaction: Not disclosed in the filing
• Footnote: Issued pursuant to the Issuer’s Non‑Employee Director Compensation Policy (policy adopted Feb 3, 2020; last amended Jan 30, 2025)
• Filing timeliness: Report filed same day (timely)

Context

• This was a compensation grant to a non‑employee director (not an open‑market purchase or sale). Such issuances are routine director pay and do not directly indicate the director bought or sold shares in the market. The filing does not state any vesting or immediate sale; it simply reports issuance under the company policy.