JOHN D. BAKER II - 01 Jan 2023 Form 4 Insider Report for FRP HOLDINGS, INC. (FRPH)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Kelly D. Waters, as Attorney-in-Fact for John D. Baker II
Issuer symbol
FRPH
Transactions as of
01 Jan 2023
Transactions value $
$0
Form type
4
Filing time
04 Jan 2023, 11:39:10 UTC
Previous filing
22 Aug 2022
Next filing
06 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRPH Common Stock Award $0 +3,712 +23% $0 19,525 01 Jan 2023 Direct F1
holding FRPH Common Stock 1,114,017 01 Jan 2023 See Footnote F2
holding FRPH Common Stock 10,025 01 Jan 2023 IRA
holding FRPH Common Stock 3,789 01 Jan 2023 Held in Wife's Living Trust F3
holding FRPH Common Stock 249,949 01 Jan 2023 Held by GRAT
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was awarded shares of restricted stock pursuant to the Issuer's Equity Incentive Plan. The shares are subject to performance-based vesting criteria for the two-year period ending December 31, 2024. If the performance-based criteria are achieved, 25% of the shares will vest upon the Compensation Committee's determination (in March 2025) that such criteria have been achieved, and 25% will vest on December 31st of each of 2025, 2026, and 2027, subject to the Reporting Person's continued employment.
F2 Shares are held by the Trust FBO John D. Baker II U/A Cynthia L. Baker Trust dated 4/30/1965, for which the Reporting Person serves as co-trustee, and of which the Reporting Person is the sole income beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F3 The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.