Matthew C. McNulty - Jan 1, 2025 Form 4 Insider Report for FRP HOLDINGS, INC. (FRPH)

Role: Chief Financial Officer
Signature: Kelly D. Waters, Attorney-in-Fact for Matthew C. McNulty
Stock symbol: FRPH
Transactions as of: Jan 1, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/2/2025, 03:20 PM
Previous filing: Jun 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRPH	Common Stock	Award	$0	+6.86K	+65.18%	$0.00	17.4K	Jan 1, 2025	Direct	F1
transaction	FRPH	Common Stock	Award	$0	+5.22K	+30.07%	$0.00	22.6K	Jan 1, 2025	Direct	F2
holding	FRPH	Common Stock						1.47K	Jan 1, 2025	Held in 401k

* 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, 2025.
F2	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, 2026. If the performance-based criteria are achieved, 25% of the shares will vest upon the Compensation Committee's determination (in March 2027) that such criteria have been achieved, and 25% will vest on December 31st of each of 2027, 2028, and 2029, 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, 2025.

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, 2026. If the performance-based criteria are achieved, 25% of the shares will vest upon the Compensation Committee's determination (in March 2027) that such criteria have been achieved, and 25% will vest on December 31st of each of 2027, 2028, and 2029, subject to the Reporting Person's continued employment.