Good Morton Carson 4

What Happened
Good Morton Carson, a director of Alpine Income Property Trust, received 1,598 shares on April 1, 2026 as an award/compensation grant (transaction code A). The shares were reported at $18.77 per share for a reported total value of $29,988. This was a compensation issuance (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely within SEC reporting window).
• Shares issued: 1,598 at $18.77 per share; reported total value $29,988.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Shares were issued under the issuer’s Non-Employee Director Compensation Policy as (i) the equity portion of Mr. Carson’s Q1 2026 quarterly retainer (~$17,500) and (ii) in lieu of the cash portion of $12,500; the share count was calculated using the 20-day trailing average closing price as of the last business day of the quarter ($18.7660). Policy adopted Feb 3, 2020 (last amended Jan 30, 2025).

Context
This is routine director compensation (equity retainer) rather than a market buy or sale, so it primarily reflects standard pay practices rather than a trading signal. Compensation grants are common for non-employee directors and typically do not directly indicate the director’s view of the stock.