March 5, 2025 · Form 4 insider transaction
Baker John D. III bought 1,016 shares of FRPH at $31.00 per share, a transaction worth $31.5K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 14 days after the transaction.
The Reporting Person earned these shares of restricted stock pursuant to a performance share award granted January 1, 2023 under the Issuer's Equity Incentive Plan, based on the achievement of the performance-based vesting criteria for the two-year performance period ended December 31, 2024. 25% of the shares vested on March 5, 2025, and 25% will vest on December 31st of each of 2025, 2026, and 2027, subject to the Reporting Person's continued employment.