Wadleigh Brenna Andrea 4

What Happened
Wadleigh Brenna Andrea, a director of Alpine Income Property Trust, received an award of 1,598 shares on April 1, 2026. The shares were valued at $18.77 each (20‑day trailing average of $18.7660) for a total of $29,988. This issuance represents equity and cash-in-lieu components of her Q1 2026 non-employee director retainer and is recorded as an award/acquisition (code A).

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-02.
• Price used: $18.77 per share (20‑day trailing average closing price of $18.7660).
• Shares issued: 1,598; total value ≈ $29,988.
• Footnote: Shares issued as (i) equity portion of Q1 2026 retainer (≈ $17,500) and (ii) in lieu of $12,500 cash retainer, per the Issuer’s Non‑Employee Director Compensation Policy (policy adopted Feb 3, 2020; last amended Jan 30, 2025).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 filed the next day (no late filing indicated in the document).

Context
This was a routine director compensation issuance (shares in lieu of cash and an equity retainer), not an open‑market purchase or sale. Such grants are standard for non‑employee directors and reflect compensation rather than a direct trading signal about future company performance.