Elias Wein Rachel 4
4 · Alpine Income Property Trust, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Alpine Income (PINE) Director Elias Wein Receives Award 932 Shares
What Happened
Elias Wein, a director of Alpine Income Property Trust, received 932 shares on 2026-04-01 as an equity award (grant/acquisition) under the company's Non-Employee Director Compensation Policy. The shares were valued at $18.77 each (20-day trailing average of $18.7660) for a total value of approximately $17,490 — this was compensation, not an open-market purchase.
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
- Shares issued: 932 shares at $18.77 per share; total value ≈ $17,490 (footnote says value approx $17,500).
- Reason: Equity component of Q1 2026 quarterly retainer under the Issuer’s Non-Employee Director Compensation Policy (policy adopted Feb 3, 2020; last amended Jan 30, 2025).
- Price basis: 20-day trailing average closing price as of the last business day of the calendar quarter — $18.7660 used to compute shares.
- Shares owned after transaction: Not disclosed in this filing.
Context
This was a routine compensation award to a non-employee director (an acquisition by grant), which is standard corporate governance practice and does not necessarily indicate the director’s personal market view. The filing documents the award calculation and payment; no option exercises, open-market buys/sells, tax-withholding, or 10b5-1 plan were reported.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-04-01$18.77/sh+932$17,490→ 14,875 total
Footnotes (1)
- [F1]These shares were issued to the Reporting Person as the equity component of her Q1 2026 quarterly retainer fee (the value of such component being approximately $17,500), 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 $18.7660.