Alpine Income Property Trust (PINE) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on May 21, 2025, with stockholders of record as of March 20, 2025, eligible to vote on key proposals.

• Proposals include electing five directors, advisory votes on executive compensation and its frequency, and ratifying the external auditor.

• The company is externally managed, with executive officers employed by the manager's parent company, CTO, which owns a significant equity stake.

• The board emphasizes diversity, independence, and annual elections, with four of five directors deemed independent.

• ESG initiatives focus on environmental stewardship, social responsibility, and strong governance, with detailed reporting on diversity and sustainability.

Voting matters and shareholder proposals

• Stockholders will vote on electing five directors for one-year terms, a non-binding say-on-pay vote, preferred frequency of future say-on-pay votes, and ratification of Grant Thornton LLP as auditor.

• The board recommends voting for all director nominees, for executive compensation, for annual say-on-pay votes, and for auditor ratification.

• Voting can be done online, by phone, mail, or during the virtual meeting.

Board of directors and corporate governance

• All directors are elected annually; the board is not staggered.

• Four of five directors are independent; the chairman is an independent director.

• The board values diversity in skills, experience, and background, and recently appointed a new director after a search process.

• The board has standing Audit, Compensation, and Governance Committees, all composed of independent directors.

• Stockholders can communicate directly with the board and nominate directors per established procedures.