Joseph P. Adams Jr. - 27 May 2025 Form 4 Insider Report for FTAI Infrastructure Inc. (FIP)

Reporting relationship: Director
Issuer ticker: FIP
Reported as of: 27 May 2025
Net transaction value: -$1.86
SEC form: 4
Accepted by SEC: 28 May 2025, 16:21:51 UTC
Prior SEC filing: 02 May 2025
Next SEC filing: 30 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Kevin Krieger, Attorney-in-Fact

Key filing fact

Joseph P. Adams Jr. filed Form 4 for FTAI Infrastructure Inc. (FIP) on 28 May 2025.

Key facts

This page summarizes Joseph P. Adams Jr.'s Form 4 filing for FTAI Infrastructure Inc. (FIP).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 May 2025, 16:21.

Change

Previous filing in this sequence was filed on 02 May 2025.
Current net transaction value: -$1.86.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001371020 Primary reporting owner

Adams Joseph P. Jr.

Relationship: Director
Address: 1345 AVENUE OF THE AMERICAS 45TH FLOOR, NEW YORK
Signature: /s/ Kevin Krieger, Attorney-in-Fact
Signature date: 28 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FIP transaction

Common Stock, par value $0.01 per share

Options Exercise

Transaction value: $1,353,263
Shares: +543,479
Change %: +136%
Price: $2.49
Shares after: 943,044
Date: 27 May 2025
Ownership: Direct

FIP transaction

Common Stock, par value $0.01 per share

Tax liability

Transaction value: $1,353,265
Shares: -217,917
Change %: -23%
Price: $6.21
Shares after: 725,127
Date: 27 May 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FIP transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -543,479
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 27 May 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.01 per share
Underlying amount: 543,479
Exercise price: $2.49
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.

Footnote F2

Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footnote 3)

Footnote F3

When tandem awards are granted with respect to manager options, the manager options become exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of manager options not subject to corresponding tandem options to the total number of manager options (including manager options underlying such tandem awards subject to corresponding tandem options) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period.

Footnote F4

Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.