John D. Baker III - Jan 1, 2024 Form 4 Insider Report for FRP HOLDINGS, INC. (FRPH)

Role: Chief Financial Officer
Signature: Kelly D. Waters, as Attorney-in-Fact for John D. Baker III
Stock symbol: FRPH
Transactions as of: Jan 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/2/2024, 08:07 PM
Previous filing: Mar 9, 2023
Next filing: Mar 8, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FRPH	Option to Buy	Award	$0	+6.1K		$0.00	6.1K	Jan 1, 2024	Common Stock	6.1K	$62.88	Direct	F1
transaction	FRPH	Option to Buy	Award	$0	+8.13K		$0.00	8.13K	Jan 1, 2024	Common Stock	8.13K	$62.88	Direct	F2

* 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 options pursuant to the Issuer's Equity Incentive Plan. The options vest ratably over four years commencing on December 31, 2024.
F2	The Reporting Person was awarded options pursuant to the Issuer's Equity Incentive Plan. The options are subject to performance-based vesting criteria for the two-year period ending December 31, 2025. If the performance-based criteria are achieved, 25% of the options will vest upon the Compensation Committee's determination (in March 2026) that such criteria have been achieved, and 25% will vest on December 31st of each of 2026, 2027, and 2028, subject to the Reporting Person's continued employment.

Content

The Reporting Person was awarded options pursuant to the Issuer's Equity Incentive Plan. The options vest ratably over four years commencing on December 31, 2024.

The Reporting Person was awarded options pursuant to the Issuer's Equity Incentive Plan. The options are subject to performance-based vesting criteria for the two-year period ending December 31, 2025. If the performance-based criteria are achieved, 25% of the options will vest upon the Compensation Committee's determination (in March 2026) that such criteria have been achieved, and 25% will vest on December 31st of each of 2026, 2027, and 2028, subject to the Reporting Person's continued employment.