DEVILLIERS DAVID H JR 4

What Happened
David H. DeVilliers Jr., Senior Advisor to the President & COO and a director of FRP Holdings, reported a disposition to the issuer of 548 shares on 2026-03-10. The shares were forfeited at $0.00 per share (total proceeds $0) rather than sold on the open market. The filing notes these were restricted shares originally granted on January 1, 2024 that were forfeited because the issuer did not achieve the target performance criteria.

Key Details

• Transaction date and terms: 2026-03-10 — 548 shares disposed to issuer at $0.00 per share (total $0).
• SEC transaction code: D (Disposition to issuer).
• Footnote: F1 — forfeiture of restricted stock granted 01/01/2024 due to unmet performance targets.
• Filing date / timeliness: Form 4 filed 2026-03-12 (filed within the typical 2-business-day window).
• Shares owned following the transaction: not specified in the provided filing.

Context
This was a forfeiture of performance-based restricted stock, not an open-market sale, so it did not generate cash for the insider and does not directly signal buying or selling sentiment. For retail investors, purchases by insiders are generally more informative about confidence; forfeitures typically reflect award conditions (performance, vesting, or clawback) rather than discretionary trading.