Good Morton Carson 4

What Happened

• Good Morton Carson, a director of Alpine Income Property Trust (PINE), was issued 1,510 shares on 2026-07-01 as an award/acquisition under the company’s director compensation policy. The shares were valued at $19.85550 each, for a total value of $29,982. (Transaction code A = award/grant/acquisition.)
• This was a compensation issuance (equity component and in-lieu of cash retainer), not an open-market purchase or sale, so it is routine director pay rather than a direct market-confidence signal.

Key Details

• Transaction date and filing date: 2026-07-01 (filed same day).
• Price used: $19.85550 per share (20-day trailing average closing price as of quarter end).
• Shares issued: 1,510; total reported value: $29,982.
• Footnote: Shares represent (i) the equity portion of Q2 2026 quarterly retainer (~$17,500) and (ii) the cash portion of the retainer ($12,500) paid in shares instead, per the Issuer’s Non-Employee Director Compensation Policy (adopted Feb 3, 2020; last amended Jan 30, 2025).
• Shares owned after the transaction: not specified in the provided filing.

Context

• Because these shares were issued as director compensation (part equity, part cash in lieu), they are standard corporate pay and do not necessarily indicate insider sentiment about the stock.
• The filing appears timely (transaction and report dated the same day), so no late-filing concerns are noted.