deVilliers David H III 4

What Happened David H. deVilliers III, President & Chief Operating Officer of FRP Holdings, reported a disposition to the issuer on March 10, 2026: 548 shares were forfeited back to the company at $0.00 per share (total value $0). The filing notes these were restricted shares originally granted on January 1, 2024 that were forfeited because the issuer did not meet the target performance criteria.

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-12 (filed within the 2-business-day Form 4 window).
• Transaction type: Disposition to issuer (forfeiture), code D; price reported $0.00; total proceeds $0.
• Shares forfeited: 548 restricted shares from a 2024 grant (see footnote F1).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — forfeiture of restricted stock due to failure to achieve target performance criteria.

Context Forfeiture of restricted stock is an administrative outcome when performance conditions aren't met and does not represent an open-market sale or cash transaction. Such forfeitures remove potential future holdings tied to performance awards but do not by themselves imply buy/sell sentiment about the company's stock.